Mobileye Global (MBLY) Plunges 22.26% in Week as JPMorgan Cuts Price Target

Mobileye Global (MBLY) shares fell 1.09% today, marking the seventh consecutive day of decline, with a total drop of 22.26% over the past week. The stock price hit its lowest level since October 2024, experiencing an intraday decline of 2.69%.

JPMorgan Chase & Co. recently lowered its price target for Mobileye Global from $11.00 to $10.00. This adjustment suggests a cautious outlook from analysts regarding the company's future performance, which could be a significant factor in the recent decline of Mobileye's stock price. The reduction in the price target may indicate concerns about the company's growth prospects or market conditions, leading to a negative sentiment among investors.