Deutsche Bank analyst Emmanuel Rosner initiated coverage of Mobileye with a Buy rating and $48 price target. The company’s technology is positioned to capture meaningful share of the fast-growing autonomous driving market, much the same way it has become dominant in ADAS, the analyst tells investors in a research note. Rosner adds that Mobileye is at the start of considerable revenue and earnings acceleration.
Published first on TheFly
See the top stocks recommended by analysts >>
Read More on MBLY:
- Mobileye initiated with a Buy at Deutsche Bank
- Mobileye call volume above normal and directionally bullish
- Mobileye (NASDAQ:MBLY) On the Brink of Disrupting AV Market
- Mobileye in pact with Wistron NeWeb for software-defined imaging radars
- Mobileye Global (NASDAQ:MBLY): The IPO Stock to Watch in 2023
