RBC Capital Maintains Outperform on Mobileye Global, Lowers Price Target to $24
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Tom Narayan maintains an Outperform rating on Mobileye Global (NASDAQ:MBLY) but lowers the price target from $34 to $24.
August 14, 2024 | 4:37 pm
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RBC Capital analyst Tom Narayan maintains an Outperform rating on Mobileye Global but lowers the price target from $34 to $24.
The Outperform rating suggests continued confidence in Mobileye's performance, but the lowered price target indicates a more cautious outlook on its short-term valuation. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100