Shares of Mobileye Global Inc. (MBLY) plunged 5.04% during Friday's intraday trading session, as investors reacted to the company's third-quarter earnings report and a series of analyst downgrades. The autonomous driving technology company faced headwinds despite reporting growth and raising its outlook for the year.
Mobileye released its Q3 2025 earnings report, showcasing growth and an improved outlook. However, the positive results were overshadowed by concerns raised by several analysts. J.P. Morgan analyst Samik Chatterjee reiterated a Sell rating on Mobileye Global, setting a price target of $12.00, citing challenges and potential market share loss.
The negative sentiment was further reinforced by multiple price target cuts from other analysts. Piper Sandler lowered its target price to $15 from $17, while Mizuho analyst Vijay Rakesh cut the firm's price target to $15 from $17, maintaining a Neutral rating. TD Cowen also reduced its price target to $16 from $18, although it maintained a Buy rating on the stock. These downgrades and price target reductions appear to have significantly impacted investor confidence, contributing to the sharp decline in Mobileye's stock price.
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