JPMorgan analyst Samik Chatterjee downgraded Mobileye to Underweight from Neutral with a price target of $10, down from $16. The firm reduced expectations for the ramp of SuperVision through to the end of the decade, which drove materially lower revenue and earnings forecasts for the out-years. In the near-term, the analyst expects the displacement of SuperVision by an in-house solution at Zeekr and the lowered volume outlook for electric vehicles, including following tariffs introduced by the European Union and North America, to drive SuperVision volumes to be flat to down in 2025 and further hurt investor confidence in relation to Mobileye’s high-growth opportunity.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

See Insiders’ Hot Stocks on TipRanks >>

Read More on MBLY:

• Mobileye downgraded to Neutral from Buy at UBS

• CVS Health upgraded, Mobileye downgraded: Wall Street’s top analyst calls

• Jobs data surprise to upside: Morning Buzz

• Mobileye downgraded to Underperform from Neutral at Exane BNP Paribas

• Mobileye price target lowered to $20 from $24 at Goldman Sachs