Mobileye N.V (MBLY) PT Raised to $23 at Loop Capital

Loop Capital analyst Gary Mobley raised the price target on Mobileye N.V (NASDAQ: MBLY) to $23.00 (from $20.00) while maintaining a Buy rating.

The analyst commented: "The purpose of this note is to: 1) reiterate our Buy rating; 2) take up our PT from $20 to $23; 3) make adjustments to our estimates based on more conservative assumptions to FY25; and 4) highlight our new MBLY customer tracker framework (e.g., inventory & sales tracker for MBLY's most influential tier-one customers). This note follows our note from last week's analyst day event. We also review our automotive-focused investment thesis for MBLY."

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