Barclays Maintains Overweight on Mobileye Global, Lowers Price Target to $19
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Dan Levy maintains an Overweight rating on Mobileye Global but lowers the price target from $27 to $19.

October 15, 2024 | 5:35 pm
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Barclays analyst Dan Levy maintains an Overweight rating on Mobileye Global but lowers the price target from $27 to $19.
The reduction in the price target from $27 to $19 by Barclays suggests a less optimistic outlook on Mobileye's stock performance, which could lead to a short-term negative impact on the stock price. However, the maintained Overweight rating indicates continued confidence in the company's long-term potential.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100