Mobileye shares drop; Berenberg downgrades to 'hold'

Mobileye Global

21/05/2026 09:10

** Shares of self-driving tech firm Mobileye Global MBLY.O fall nearly 1.3% to $9.64 premarket

** Berenberg downgrades stock rating to "hold" from "buy"

** Brokerage view that Mobileye's growth was mispriced has partly materialised, but upside catalysts (like new product wins and robotaxi progress) remain uncertain regarding timing

** However, Berenberg raises PT to $10.8 from $9.3, representing a 10.5% upside to the stock's last close

** "We believe the near-term risk-reward is more balanced," brokerage says

**Average rating of thirty analysts is "hold"; with a median PT of $12.03 - data compiled by LSEG

**  Up to last close, the stock has fallen nearly 6% YTD

 (Reporting by Akriti Shah in Bengaluru)

 ((akriti.shah@thomsonreuters.com ; X, formerly Twitter: @AkritiShahh))