Loop Capital starts Mobileye at Buy, sees long-term structural opportunity

As previously reported, Loop Capital analyst Ananda Baruah initiated coverage of Mobileye with a Buy rating and $45 price target. The company fits into the firm’s preferred strategy to invest into best-of-breed, structural long-term societal trend, the analyst tells investors in a research note. Mobileye is already the 70% share leader in "Phase 1" – Eyes-on Hands-on ADAS Driver Assist – offering robust capability across the autonomous spectrum, the firm states, adding that the company also has an opportunity to become "synonymous with autonomous".