Mobileye price target raised to $40 from $35 at Mizuho

Mizuho analyst Vijay Rakesh raised the firm’s price target on Mobileye to $40 from $35 and keeps a Buy rating on the shares. The analyst believes Mobileye is seeing upside from its SuperVision platform with ramps at Zeekr in 2022 and potentially Geely in 2023. While 2023 could see auto headwinds with a "stretched" consumer, improving auto supply chains and multiple new product launches for the company "could remain a tailwind," Rakesh tells investors in a research note.