Zacks Research lowered its rating on Mobileye Global (NASDAQ:MBLY). The rating moved from "strong-buy" to "hold." This change was published in a research note on Tuesday, October 22. Analysts now assign the stock an average "Hold" rating.
This downgrade follows a series of bearish analyst actions. RBC Capital Markets also downgraded the stock to "underperform." RBC cited concerns about competition and reliance on a single major customer. Mobileye's stock trades near its 52-week low ahead of its upcoming earnings report.