Citi analyst Itay Michaeli lowered the firm’s price target on Mobileye to $53 from $58 and keeps a Buy rating on the shares. The analyst views the company’s Q1 report as “encouraging.” Despite slower pipeline conversion, Mobileye’s underlying thesis “remains very much intact,” with the rest of 2024 poised to see potential catalysts from new business wins, the analyst tells investors in a research note.
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- Snap upgraded, Apple downgraded: Wall Street’s top analyst calls
- Mobileye price target raised to $37 from $35 at TD Cowen
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- Mobileye price target raised to $37 from $31 at Canaccord
- Mobileye downgraded to Underweight from Equal Weight at Morgan Stanley
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