Mobileye price target raised to $42 from $35 at Cowen

Cowen analyst Joshua Buchalter raised the firm’s price target on Mobileye to $42 from $35 and keeps an Outperform rating on the shares. The analyst said Q4 results benefited from pull-ins that will weigh on 1H23 seasonality but we believe 2023 upside is being driven by SuperVision ramps at Geely that should inflect in 2H23.