Mizuho Maintains Buy on Mobileye Global, Lowers Price Target to $38
Portfolio Pulse from Benzinga Newsdesk
Mizuho analyst Vijay Rakesh has maintained a Buy rating on Mobileye Global (NASDAQ:MBLY) but has reduced the price target from $42 to $38.

January 26, 2024 | 7:38 pm
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Mizuho analyst Vijay Rakesh maintains a Buy rating on Mobileye Global but lowers the price target from $42 to $38.
While the reduction in price target could suggest a slightly less optimistic outlook on the stock's valuation, the maintenance of a Buy rating indicates a continued positive view on the company's fundamentals. This mixed signal could lead to a neutral short-term impact on the stock price as investors digest both the positive and the less optimistic aspects of the analyst's view.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100