Analyst Joshua Buchalter from TD Cowen reiterated a Buy rating on Mobileye Global, Inc. Class A (MBLY – Research Report) and decreased the price target to $18.00 from $19.00.
Joshua Buchalter has given his Buy rating due to a combination of factors including Mobileye’s technological advancements and its strategic positioning in the ADAS market. Despite a slower than anticipated conversion of advanced products, the company’s progress remains on track, and there is optimism about future commercial engagements.
Furthermore, Mobileye’s recent achievements, such as the newly awarded lifetime volumes and traction in its robotaxi suite, underscore its potential for growth. The reiterated 2025 guidance, despite a conservative outlook, suggests a manageable decline in the latter half of the year, aligning with current demand uncertainties. This cautious yet optimistic stance, combined with positive market reactions, supports the Buy rating.
In another report released yesterday, Needham also maintained a Buy rating on the stock with a $18.00 price target.