Mobileye Global, Inc. Class A ( (MBLY) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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Mobileye Global, Inc. Class A saw its stock price rise in premarket trading, driven by its Q1 revenue slightly surpassing expectations and significant business developments. The company secured new design wins, including an ADAS contract with a long-lost customer and a surround ADAS deal with Volkswagen Group. BNP Paribas Exane upgraded the stock to Neutral, praising Mobileye’s higher gross margins and resilience to tariffs. However, JPMorgan lowered its price target, citing potential production impacts from tariffs and market conditions.
More about Mobileye Global, Inc. Class A
YTD Price Performance: -34.07%
Average Trading Volume: 4,568,237
Technical Sentiment Signal: Buy
Current Market Cap: $9.78B
For further insights into MBLY stock on TipRanks’ Stock Analysis page.
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