JPMorgan analyst Samik Chatterjee raised the firm’s price target on Mobileye (MBLY) to $12 from $10 and keeps an Underweight rating on the shares. The firm adjusted price targets in hardware and networking, saying it expects upside to second half of 2025 estimates from “robust” cloud spending. However, underlying end market drivers for other customer verticals “remain a watchpoint” as they exhibit more sensitivity to the macro environment, the analyst tells investors in a research note.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MBLY:
- Mobileye price target raised to $16 from $14 at Barclays
- Mobileye Global, Inc.: Strong Q2 Results Amid Strategic Financial Moves, Yet Cautious Long-term Outlook Justifies Hold Rating
- Mobileye price target raised to $18 from $15 at UBS
- JPMorgan Says to Short Tesla (TSLA), Moderna (MRNA), and 7 Other Stocks in 2025
- Short Report: Mobileye bears fade stock bounce