JPMorgan has revised its outlook on Mobileye (MBLY, Financial), reducing the stock's price target from $11 to $10. The investment bank maintains an Underweight rating on the shares. This adjustment comes as part of an update to JPMorgan’s hardware and networking models, reflecting anticipated ramifications from ongoing macroeconomic uncertainties, including those induced by tariffs.
The adjustment embeds expectations of a broader economic slowdown, which is projected to curb demand across various customer categories. The analyst foresees a decrease in purchasing from both consumer and enterprise sectors, as well as telecom clients, as part of this anticipated reduction in demand.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 26 analysts, the average target price for Mobileye Global Inc (MBLY, Financial) is $19.29 with a high estimate of $33.00 and a low estimate of $14.00. The average target implies an upside of 56.83% from the current price of $12.30. More detailed estimate data can be found on the Mobileye Global Inc (MBLY) Forecast page.
Based on the consensus recommendation from 28 brokerage firms, Mobileye Global Inc's (MBLY, Financial) average brokerage recommendation is currently 2.4, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
