Wolfe Research analyst Shreyas Patil upgraded Mobileye to Outperform from Peer Perform with a $41 price target. The analyst sees limited risk to near-term Street estimates and believes the company’s advantages in Supervision and Chauffeur to be more apparent in the next 6-12 months. Expectations have reset, and Mobileye’s competitive advantages should become increasingly apparent, the analyst tells investors in a research note. Wolfe now sees the company’s risks as receding to the rearview.
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