Yeboah-Amankwah Safroadu purchased $100K of MBLY

Mobileye shares rose about 3.9% in pre-open trading after Berenberg upgraded the stock from Hold to Buy and lifted its price target to $11.00 from $10.80. Berenberg cited Mobileye’s Q2 2026 results, with revenue of $508 million (about 5% above consensus) and adjusted EBIT of $155 million versus $41 million expected, plus a reassessment of CEO Amnon Shashua’s resignation.

Berenberg upgraded Mobileye Global (MBLY) to buy from hold and raised its price target to $11 from $10.80, citing an overreaction to CEO Amnon Shashua’s resignation and a margin uplift from an Israeli R&D incentive law. Mobileye reported Q2 2026 revenue of $508M (5% beat) and adjusted EBIT of $155M. Berenberg forecasts FY2026 sales $2.01B and adjusted EPS $0.49.

Mobileye Global (MBLY) reported a US$23.47 million buyback of 2,505,096 shares in July 2026, raised its full-year 2026 revenue outlook to about US$1.995 billion at the midpoint, and guided for a mid-single-digit year-on-year revenue decline in Q3. It reported narrower Q2 losses and higher first-half sales, while CEO Prof. Amnon Shashua plans to step down as CEO/President and potentially become Chair.

Mobileye Global Inc (Nasdaq: MBLY) said founder and CEO Prof. Amnon Shashua will step down. In an employee talk, he outlined plans to expand operations abroad, including overseas R&D centers in the US, and to focus more on robotics. The board will use an external search firm to find a successor with commercialization and marketing skills to scale robotaxi plans targeting a 17,000-vehicle fleet.

Piper Sandler upgraded Rivian (RIVN) and Mobileye (MBLY) to Overweight and raised their price targets to $20 from $18 and $12 from $10, respectively, citing delivery guidance, R2 launch progress, and funding for Rivian, and Mobileye’s strategy and assumptions after its Q2 call. It downgraded Stellantis (STLA) to Underweight, cutting its target to $4 from $14.

Mobileye (MBLY) shares fell after its founder stepped down on July 23, 2026, despite “strong results,” according to the article. The company plans a U.S. robotaxi ride-hailing launch in 2027 and a 2027 production start for a Driver Monitoring System program tied to its EyeQ6L chip. Analysts expect FY2026 losses of $0.09/share; Wolfe cut to “Peer Perform,” while Goldman raised its price target to $9.