Baird raised the firm’s price target on Mobileye (MBLY) to $18 from $17 and keeps an Outperform rating on the shares. The firm said they provided a fairly uneventful 3Q24 update, giving investors a sigh of relief. Baird continues to see attractive long-term risk/reward given significant earnings potential 2026+, with new awards the key catalyst for improved near-term momentum.
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