Change in ObservableCollection item property not triggering UI update in ContentView in .NET MAUI app

In my .NET MAUI app, I have a feed that displays some data along with a like button. Because I have different variations of this feed in the same app, I created a ContentView with BindableProperty's so that I can reuse my code.

Initially, things appear to work fine but when user taps the like button, even though the request gets processed correctly in parent view model method, it doesn't invoke a UI update.

If I simply copy and paste the same XAML code into the ContentPage and NOT use a ContentView, everything works fine and any change to IsLiked property triggers a UI update. Everything seems to be wired correctly with the ContentView. For example, tapping the button, does call the LikeButtonTapped in parent page's view model. Any idea what maybe causing this?

For brevity, I simplified things a bit here. Here's the FeedItemComponent.xaml card:

<ContentView...>
   <Grid
      RowDefinitions="20,*,30">

      <Label
         Grid.Row="0"
         x:Name="ItemTitle"
         Color="Black" />

      <Label
         Grid.Row="1"
         x:Name="ItemBody"
         Color="Black" />

      <Button
         Grid.Row="2"
         x:Name="LikeButton" />
      <Image
         Grid.Row="2"
         x:Name="LikedImage"
         Source="heart.png" />
   </Grid>
</ContentView>

Here's the code behind for FeedItemComponent.xaml.cs i.e. FeedItemComponent:

public partial class FeedItemComponent : ContentView
{
   public static readonly BindableProperty FeedItemContentProperty =
        BindableProperty.Create(nameof(FeedItemContent),
            typeof(FeedItemModel),
            typeof(FeedItemComponent),
            defaultValue: null,
            defaultBindingMode: BindingMode.OneWay,
            propertyChanged: OnFeedItemContentPropertyChanged);

    public static readonly BindableProperty LikeCommandProperty =
        BindableProperty.Create(nameof(LikeCommand),
            typeof(ICommand),
            typeof(FeedItemComponent));

    private static void OnFeedItemContentPropertyChanged(BindableObject bindable, object oldValue, object newValue)
    {
        var control = (FeedItemComponent)bindable;
        var feedItemContent = (FeedItemModel)newValue;
        control.ItemTitle.Text = feedItemContent.Title;
        control.ItemBody.Text = feedItemContent.Body;
        control.LikeButton.Command = control.LikeCommand;
        control.LikeButton.CommandParameter = feedItemContent;
        control.LikeButton.IsVisible = feedItemContent.IsLiked ? false : true;
        control.LikedImage.IsVisible = feedItemContent.IsLiked ? true : false;
    }

    public FeedItemModel FeedItemContent
    {
        get => (FeedItemModel)GetValue(FeedItemContentProperty);
        set => SetValue(FeedItemContentProperty, value);
    }

    public ICommand LikeCommand
    {
        get => (ICommand)GetValue(LikeCommandProperty);
        set => SetValue(LikeCommandProperty, value);
    }

    public FeedItemComponent()
    {
        InitializeComponent();
    }
}

Here's the FeedItem model:

public partial class FeedItemModel : ObservableObject
{
   public Guid Id { get; set; }

   public string Title { get; set; }

   public string Body { get; set; }

   [ObservableProperty]
   bool isLiked;
}

Here's the view model (MainPageViewModel.cs) for the MainPage:

public partial class MainPageViewModel : ObservableObject
{
   public ObservableCollection<FeedItemModel> Feed { get; } = new();

   [RelayCommand]
   async Task LikeButtonTapped(FeedItemModel feedItem)
   {
      // Make API call
      await _myApiService.FeedItemLiked(feedItem.Id, userId);

      // Update feed item "Liked" status
      foreach(var item in Feed)
         if(item.Id == feedItem.Id)
            item.IsLiked = true;
   }

   internal async Task Init()
   {
      // Initialize and fetch initial feed data
      var data = await _myApiService.GetData();
      if(data != null && data. Count > 0)
         foreach(var item in data)
            Feed.Add(item);
   }
}

And finally, here's the XAML for MainPage.xaml:

<ContentPage...>
   <ContentPage.Resources>
      <ResourceDictionary>
         <DataTemplate
            x:Key="FeedItemTemplate"
            x:DataType="model:FeedItemModel">
               <controls:FeedItemComponent
                  FeedItemContent="{Binding .}"
                  LikeCommand="{Binding Source={x:Reference Name=Feed}, Path=BindingContext.LikeButtonTappedCommand}" />
         </DataTemplate>
      </ResourceDictionary>
   </ContentPage.Resources>
   <CollectionView
      x:Name="Feed"
      ItemsSource="{Binding Feed}"
      ItemTemplate="{StaticResource FeedItemTemplate}">
   </CollectionView>
</ContentPage>

Any idea why updates to items of the ObservableCollection for Feed don't trigger a UI update IF I use ContentView component?