Mobileye Lowered Revenue Outlook But These Analysts Are Still Bullish - Here's Why

Mobileye Lowered Revenue Outlook But These Analysts Are Still Bullish – Here’s Why

Needham analyst Quinn Bolton reiterated Mobileye Global Inc (NASDAQ:MBLY) with a Buy and a $43 price target.

Mobileye reported a solid quarter but slightly lowered its CY23 revenue forecast as SuperVision (SV) shipments are tracking towards the low end of guidance of 100-115k units.

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Mobileye Lowered Revenue Outlook But These Analysts Are Still Bullish – Here’s Why

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Mobileye Lowered Revenue Outlook But These Analysts Are Still Bullish – Here’s Why

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