Mobileye Stock (MBLY) Continues Its Plunge after Firm Announces Layoffs

Mobileye (MBLY), an Israeli company known for its work in advanced driver assistance and autonomous driving technologies, plans to lay off around 200 employees, or roughly 5% of its workforce, according to a report by Globes. Notably, most of the affected employees are based in various departments across Israel. Nevertheless, the company said that it is adjusting its workforce to meet changing needs and will support those who will be impacted, while still hiring for roles that are in line with its long-term goals.TipRanks Cyber Monday Sale Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence. Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off Mobileye, which went public in late 2022, reported third-quarter revenue of $504 million for fiscal 2025, which equated to 4% year-over-year growth. However, its stock has fallen by about 41% on a year-to-date basis, and today's news sent it down intraday. Still, Intel (INTC) remains the majority owner of Mobileye and continues to back the company's expansion in autonomous tech. In addition, while layoffs have been common in recent years, the pace has slowed down in 2025 compared to previous periods. In fact, according to Layoffs.fyi, about 120,000 employees across 239 tech companies have been laid off so far this year. That's fewer than the 153,000 tech layoffs reported in 2024 and significantly lower than the 264,000 reported in 2023, which suggests that the sector may be stabilizing. Is Mobileye Stock a Good Buy? Turning to Wall Street, analysts have a Moderate Buy consensus rating on Mobileye stock based on eight Buys, six Holds, and one Sell assigned in the past three months, as indicated by the graphic below. Furthermore, the average Mobileye price target of $18.27 per share implies 60.4% upside potential.