Mobileye Shares Soar 8.26% Despite Intel's Share Sale

Generated by AI AgentAinvest Movers Radar
Wednesday, Jul 9, 2025 7:15 pm ET1min read

Mobileye Global (MBLY) shares surged to their highest level since January 2025 today, with an intraday gain of 8.26%.

Intel Corporation's decision to sell 45 million shares of

Inc. in an underwritten secondary public offering has sparked concerns among investors. This move by to reduce its stake in could potentially dampen investor sentiment and influence the stock price negatively.


Despite the potential impact of Intel's share offering, Mobileye's stock has shown resilience. The company's shares rebounded by 5% following the release of strong preliminary Q2 results. Mobileye expects revenue to increase due to heightened demand for its EyeQ products, which could positively influence the stock price.


Analysts have also adjusted their price targets for Mobileye stock, reflecting a positive outlook. Loop Capital raised its price target from $20.00 to $24.00, while another analyst increased the target from $18.00 to $24.00. These adjustments suggest that analysts are optimistic about Mobileye's future performance, which could further bolster investor confidence and support the stock price.


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