BofA upgrades Mobileye to Neutral on limited downside risk, bottoming sentiment

As previously reported, BofA analyst John Murphy upgraded Mobileye (MBLY) to Neutral from Underperform with a price target of $19, up from $12. 2025 guidance provided along with the Q4 report was below BofA and consensus, but it limits downside risk to estimates, the analyst tells investors. There are potential catalysts in 2025 from contract wins with several automakers in the later stages of contract negotiations for SuperVision and Surround ADAS, while talks with investors also suggest sentiment is bottoming, the analyst added.