Mobileye price target lowered to $18 from $25 at Wells Fargo

Wells Fargo analyst Aaron Rakers lowered the firm’s price target on Mobileye (MBLY) to $18 from $25 and keeps an Overweight rating on the shares. The firm is incrementally negative on Mobileye, but maintain the bullish rating with a lower price target following weak/conservative 2025 guide. Wells says it is left to question the degree to which outlook reflects macro uncertainty vs competitive pressure. Mobileye remains 2026-plus story, says Wells.