Mobileye Global Inc. (NASDAQ:MBLY) saw Piper Sandler lower its price target to $13 from $15, anticipating a divergent year for global auto markets in 2026. North American sales may dip 1.2%, but Europe could see growth with government support. China’s domestic market expects a 3% decline with subsidy expirations.

On January 6, Mobileye Global Inc. (NASDAQ:MBLY) announced acquiring humanoid robotics startup Mentee Robotics for ~$900 million, with $612 million in cash and shares. This move expands Mobileye’s reach into embodied AI beyond autonomous driving. The deal is set to close in Q1 2026.

Mobileye Global Inc. (NASDAQ:MBLY) specializes in advanced driver assistance systems and autonomous driving technologies worldwide. While MBLY shows investment potential, other AI stocks may offer greater upside with less risk. Consider exploring undervalued AI stocks benefiting from onshoring trends for potential gains.

For more stock insights, check out “30 Stocks That Should Double in 3 Years” and “11 Hidden AI Stocks to Buy Right Now.” This article is originally published on Insider Monkey. No disclosures.

Read more at Yahoo Finance: Piper Sandler Trims Mobileye (MBLY) PT to $13 Foreseeing Divergent 2026 Auto Market