Piper Sandler raised the firm’s price target on Mobileye (MBLY) to $17 from $16 and keeps a Neutral rating on the shares. The company has a “lucrative” base business that we think provides “rock solid” valuation support for the shares, the analyst tells investors in a research note. However, Piper thinks Mobileye’s current valuation hinges on its next-generation products.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MBLY:
- Mobileye dips, weakness attributed to GM, Nvidia collaboration announcement
- Mobileye (MBLY) Stock Rises After Point72 Discloses a 5% Stake
- Lyft Leaves Investors Concerned after Uninspiring Outlook for 2025
- Short Report: Bears take aim at MobilEye with new highs in short interest
- Making Sense of Lyft’s (LYFT) Potential Upside After Remarkable 2024 Performance
Questions or Comments about the article? Write to editor@tipranks.com