RBC Capital raised the firm’s price target on Mobileye (MBLY) to $14 from $11 and keeps a Sector Perform rating on the shares after the company’s Investor Day presentation. The firm is incrementally more positive on Mobileye’s path to win in premium OEM L2+/L3 deals given how well the driving experience performed as well as the disclosure that it is ”2-3 months” away from securing a Japanese OEM win, the analyst tells investors in a research note.
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Read More on MBLY:
- Mobileye price target raised to $17 from $15 at Mizuho
- Mobileye releases presentations for Capital Markets Day in Germany
- RBC says Mobileye slides suggest close to nomination for Japanese OEM
- Mobileye upgraded to Outperform from Peer Perform at Wolfe Research
- Leadership Changes at Mobileye Global and Intel