Needham analyst Quinn Bolton has maintained their bullish stance on MBLY stock, giving a Buy rating on April 15.
Quinn Bolton has given his Buy rating due to a combination of factors that highlight Mobileye Global, Inc.’s strong market position and future growth potential. Despite the challenges posed by increased China revenue impacting gross margins, the company has maintained its FY25 revenue guidance, which reflects a solid baseline even after accounting for tariff impacts.
Additionally, Mobileye has achieved significant design wins in the first quarter of FY25, including its first Surround ADAS win and a high-volume win with a Korean OEM. These achievements, coupled with promising partnerships in the robotaxi sector with companies like Uber and Lyft, underscore the company’s potential for continued success. While there are some adjustments to future estimates, such as a lower price target due to reduced SV and CAV unit expectations, the overall outlook remains positive, supporting the Buy rating.
Bolton covers the Technology sector, focusing on stocks such as D-Wave Quantum, Intel, and Maxlinear. According to TipRanks, Bolton has an average return of 7.2% and a 41.01% success rate on recommended stocks.
In another report released on April 15, Robert W. Baird also maintained a Buy rating on the stock with a $17.00 price target.