Citigroup Maintains Buy on Mobileye Global, Lowers Price Target to $53
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Itay Michaeli maintains a Buy rating on Mobileye Global (NASDAQ:MBLY) but lowers the price target from $58 to $53.

April 29, 2024 | 4:23 pm
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Citigroup maintains a Buy rating on Mobileye Global but lowers the price target from $58 to $53.
The reduction in price target by Citigroup reflects a slight adjustment in valuation expectations for Mobileye Global, possibly due to market conditions or company-specific factors. However, maintaining a Buy rating indicates a continued positive outlook on the company's fundamentals and growth prospects. This mixed signal could lead to short-term price stability as investors digest the implications of a lower price target against a backdrop of ongoing endorsement by a major analyst.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100