These Analysts Revise Their Forecasts On Mobileye After Q1 Results

Benzinga04-24 22:58

Mobileye Global Inc (NASDAQ:MBLY) reported better-than-expected first-quarter financial results and raised FY26 revenue outlook on Thursday.

Revenue rose 27% year over year to $558 million, topping the $515.501 million estimate, while adjusted diluted EPS of 12 cents beat the 9 cents estimate.

"First quarter results reflected a stronger than expected start to 2026, and continued favorable demand trends enable us to modestly increase our 2026 outlook. We also secured an important design win with Mahindra which adds a third Surround ADAS customer and a second customer for our next-generation SuperVision product," said CEO Professor Amnon Shashua.

Mobileye raised its full-year 2026 revenue guidance to $1.935 billion–$2.015 billion. This is up from the prior range of $1.900 billion–$1.980 billion and compares with a $1.946 billion estimate.

Mobileye shares gained 6.3% to trade at $9.25 on Friday.

These analysts made changes to their price targets on Mobileye following earnings announcement.

  • Goldman Sachs analyst Mark Delaney maintained Mobileye Global with a Neutral and raised the price target from $8 to $9.
  • Canaccord Genuity analyst George Gianarikas maintained the stock with a Buy and lowered the price target from $24 to $17.
  • UBS analyst Joseph Spak maintained the stock with a Neutral and raised the price target from $9 to $10.

Considering buying MBLY stock? Here’s what analysts think:

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