Oppenheimer initiates coverage of Mobileye with an Outperform rating and $28 price target.

From Investing.com: 2025-01-16 09:52:05

Oppenheimer initiated coverage of Mobileye with an Outperform rating and a price target of $28, highlighting its crucial role in the shift towards autonomous capabilities in the automotive industry. The analysts believe Mobileye will enable legacy OEMs to deliver autonomous functionality, positioning the company as a key player in supporting traditional automakers. They forecast steady growth and higher content per vehicle, with a price target based on projected earnings per share and anticipated topline growth in the low-mid teens annually.



Read more at Investing.com: Mobileye to ‘steadily gain share of OEMs’ By Investing.com