RBC Capital analyst Tom Narayan raised the firm’s price target on Mobileye to $48 from $42 and keeps an Outperform rating on the shares after its Q2 earnings beat. The company is quickly putting Zeekr issues into the rearview mirror with non- China OEM wins on the horizon, the analyst tells investors in a research note. Mobileye management commentary on the earnings call also makes the firm “incrementally more confident” in the company’s 2026 roadmap, RBC adds.
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Read More on MBLY:
- Mobileye price target lowered to $45 from $48 at TD Cowen
- Mobileye price target raised to $55 from $50 at Canaccord
- 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
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