George Gianarikas, an analyst from Canaccord Genuity, maintained the Buy rating on Mobileye Global, Inc. Class A. The associated price target is $30.00.
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George Gianarikas has given his Buy rating due to a combination of factors that highlight Mobileye Global, Inc.’s potential in the autonomous vehicle market. The company is positioned to become a leading provider of autonomous technology for automotive manufacturers, offering a comprehensive solution that includes hardware, software, silicon, and AI. This positions Mobileye as a key player in the evolving robotaxi ecosystem, where traditional OEMs and ride-hailing companies like Uber and Lyft could rely on its technology to remain competitive.
Furthermore, Gianarikas notes that Mobileye’s partnerships with major companies such as VW, Lyft, and Marubeni, as well as recent wins in advanced driver-assistance systems (ADAS), demonstrate its capability to transition from a leader in ADAS to a significant player in next-generation autonomy. The analyst maintains a price target of $30, reflecting a premium valuation justified by expected financial improvements beyond 2027, driven by design wins in SuperVision, Chauffeur, and Drive technologies. Gianarikas believes that patience will be rewarded as Mobileye’s technology matures and gains further validation in the market.
According to TipRanks, Gianarikas is a 5-star analyst with an average return of 24.6% and a 49.32% success rate. Gianarikas covers the Industrials sector, focusing on stocks such as Generac Holdings, NuScale Power, and Arq Inc.
In another report released yesterday, TD Cowen also maintained a Buy rating on the stock with a $16.00 price target.