Goldman Sachs analyst Mark Delaney maintains $Mobileye Global (MBLY.US)$ with a buy rating, and adjusts the target price from $24 to $20.
According to TipRanks data, the analyst has a success rate of 59.3% and a total average return of 16.0% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Mobileye Global (MBLY.US)$'s main analysts recently are as follows:
Amid a broader discussion on U.S. Autos and Industrial Technologies, an analyst highlighted a reduction in the forecast for U.S. SAAR, accounting for weaker sales as the year-to-date average hovers around 15.5 million. This figure represents a slight increase but falls short of the previously anticipated mid-single-digit growth. Additionally, there's been a noted dip in vehicle purchase intentions among lower-income consumers, according to recent surveys.
The year 2024 appears to represent a significant recalibration for Mobileye, as noted by analysts, who perceive a new 'clear-the-decks' event which has resulted in the average sales and EBIT forecasts for FY25-FY27 being positioned 13% and 17% beneath the consensus, respectively.
Note:
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