Mobileye N.V (MBLY) PT Lowered to $24 at Canaccord Genuity

Canaccord Genuity analyst George Gianarikas lowered the price target on Mobileye N.V (NASDAQ: MBLY) to $24.00 (from $30.00) while maintaining a Buy rating.

The analyst commented: "We reiterate our BUY rating though we have recalibrated our target price to $24 to account for a more disciplined projection of the VW ramp. These revised estimates serves to potentially de-risk our outlook; and underscore that the equity remains an attractive opportunity even if market timing proves more deliberate than originally forecast. Our target is now based on ~18x our 2028E adjusted EPS of $1.32 (from $1.66); this is mostly in line with comp group, with a mean multiple of ~23x but a median multiple of ~16x. This group includes companies across several segments including semis, mobility, the AV ecosystem, Tier 1 auto suppliers, and sustainability."

You May Also Be Interested In

• Fiserv (FISV) PT Lowered to $60 at Freedom Broker
• Jane Street Took $15 Billion Hit In July Tied To Situational Awareness - Reuters
• Home Depot (HD) call put ratio 1.5 calls to 1 put with a focus on September 330 puts into quarter results