7/106 sources · 5 publishersUpdated Oct 17, 07:48 UTC
Citi initiates coverage of Mobileye with Buy rating and $11 price target
Citi began coverage of Mobileye Global, assigning a Buy rating and an $11.00 price target. The recommendation sparked a pre‑market rally of about 4.3%–4.7% as the shares traded near $7.75. Morgan Stanley simultaneously lowered its target to $9, down from $10, while Mobileye’s third‑quarter earnings are slated for 29 October.
Why it matters
Citi’s initiation adds a bullish analyst voice, suggesting upside potential that could attract buying interest. The price‑target gap implies roughly 40%‑45% upside from the current trading level, which may influence short‑term demand for the stock.
Key facts
- 1Citi initiated coverage of Mobileye Global with a Buy rating and an $11.00 price target. cnbc.com
- 2Citi’s initiation was reported by multiple outlets, all citing the same $11 target. investing.com
- 3Mobileye shares rose 4.3% in pre‑market trading after the Citi coverage announcement. investing.com
- 4Mobileye shares rose 4.7% in pre‑market trading according to Seeking Alpha. seekingalpha.com
- 5The stock was trading around $7.75 following the rally. investing.com
- 6GuruFocus reported the stock price at $7.36 at the time of its article. gurufocus.com
Summary written by AlphAI AI Desk from 6 of 6 sources. Not investment advice. Figures are as stated by the linked sources.