Canaccord Genuity Revises Mobileye Price Target Amid Volkswagen Partnership Concerns
Canaccord Genuity has adjusted its price target for Mobileye N.V to $24 from $30 due to a conservative assessment of Volkswagen’s production ramp, while keeping a Buy rating on the stock. Despite recent quarterly earnings below expectations and a significant stock price decline, analysts see upside potential as the company aims for profitability by…