Mobileye initiated with a Buy at Daiwa

Daiwa analyst Louis Miscioscia initiated coverage of Mobileye with a Buy rating and $50 price target. Self-driving is poised to show material growth through 2030 and Mobileye’s valuation is reasonable given the strong growth, the analyst tells investors in a research note. The firm is "very positive" on the future of autonomous vehicle driving and says the company, as a leader in the space, should see strong growth through 2030.