Goldman Sachs Maintains Buy on Mobileye Global, Lowers Price Target to $20
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Mark Delaney maintains a Buy rating on Mobileye Global (NASDAQ:MBLY) but lowers the price target from $24 to $20.
October 01, 2024 | 1:22 pm
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Goldman Sachs has maintained its Buy rating on Mobileye Global but has reduced the price target from $24 to $20, indicating a more cautious outlook.
The maintenance of a Buy rating suggests continued confidence in Mobileye's prospects, but the lowered price target indicates a more cautious outlook, likely due to market conditions or company performance. This could lead to a short-term negative impact on the stock price as investors adjust expectations.
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