Canaccord analyst George Gianarikas raised the firm’s price target on Mobileye to $37 from $31 and keeps a Buy rating on the shares. The firm noted the company started the year with a big inventory pile-up which it says has masked what they estimate is a tangible inflection in OEM interest in Mobileye’s advanced autonomy Supervision and Chauffeur solutions; and they believe th dam is about to break.
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