Mizuho Downgrades Mobileye Global to Neutral, Lowers Price Target to $13
Portfolio Pulse from Benzinga Newsdesk
Mizuho analyst Vijay Rakesh has downgraded Mobileye Global from Outperform to Neutral and significantly lowered the price target from $30 to $13.

October 11, 2024 | 12:44 pm
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Mizuho has downgraded Mobileye Global from Outperform to Neutral, reducing the price target from $30 to $13, indicating a less optimistic outlook.
The downgrade from Outperform to Neutral by Mizuho, along with a significant reduction in the price target from $30 to $13, suggests a less favorable view of Mobileye's future performance. This is likely to lead to short-term downward pressure on the stock price as investors adjust their expectations.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100