TD Cowen lowered the firm’s price target on Mobileye to $45 from $48 and keeps an Outperform rating on the shares. The firm said they remain constructive on Mobileye’s technical/market leadership in a quickly expanding TAM.
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Read More on MBLY:
- Mobileye (NASDAQ:MBLY) Gains on Robust Q2 Showing
- Mobileye still sees 2023 revenue $2.07B-$2.11B, consensus $2.1B
- Mobileye reports Q2 EPS non-GAAP 17c, consensus 12c
- Notable companies reporting before tomorrow’s open
- Mobileye Slips despite Morgan Stanley Praise
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