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.
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Published first on TheFly
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