Mobileye price target lowered to $39 from $42 at Mizuho

Mizuho lowered the firm’s price target on Mobileye to $39 from $42 and keeps a Buy rating on the shares. The analyst recommends buying the shares on the post-earnings selloff. Mobileye is seeing challenges on Zeekr SuperVision ramp and China autos were a headwind, but EyeQ shipments remained strong in the March quarter and the company continues to lead peers on cloud data, the analyst tells investors in a research note.