Deutsche Bank starts Mobileye at Buy, expects considerable revenue acceleration

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.