Baird Maintains Outperform on Mobileye Global, Lowers Price Target to $42
Portfolio Pulse from Benzinga Newsdesk
Baird analyst Luke Junk has maintained an Outperform rating on Mobileye Global (NASDAQ:MBLY) but has reduced the price target from $43 to $42.
January 26, 2024 | 8:27 pm
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Baird analyst Luke Junk maintains an Outperform rating on Mobileye Global but lowers the price target from $43 to $42.
The reduction in price target is minor and suggests only a slight adjustment in valuation rather than a fundamental change in the company's outlook. The Outperform rating indicates that Baird still has a positive view on the company's future performance. This news is likely to have a neutral to slightly negative short-term impact on the stock price as the market digests the new price target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100