Royal Bank Of Canada Slashes Mobileye Global Price Target to $7.00

Royal Bank Of Canada lowered its price target for Mobileye Global (NASDAQ:MBLY) from $10.00 to $7.00 in a research note issued on Friday, according to MarketBeat.

The firm currently has a 'sector perform' rating on the stock and points to a potential downside of 15.64% from its previous close.

This price target revision comes after several other analysts have weighed in on Mobileye Global's prospects. Canaccord Genuity Group, for example, lowered their target price from $24.00 to $17.00 and set a 'buy' rating for the company in a report on April 24th.

JPMorgan Chase & Co., on the other hand, decreased their price objective from $11.00 to $9.00 and set a 'neutral' rating for Mobileye Global in a report on April 16th.