Piper Sandler upgraded Mobileye Global Inc. (NASDAQ:MBLY) to Overweight from Neutral on July 27, 2026. The investment firm raised its price target for the stock to $12.00 from $10.00.
The upgrade follows a sharp share price decline triggered by the announced departure of CEO Amnon Shashua. This volatility occurred despite second-quarter earnings that exceeded Wall Street expectations.
Piper Sandler highlighted Mobileye’s strategic decision to deploy its own robotaxis directly rather than waiting for automotive manufacturers. The firm suggests the stock has reached a floor valuation and is currently undervalued.
Other analysts maintain a more cautious stance on the company. This mixed market sentiment reflects ongoing concerns regarding the leadership transition and the evolving business model.