Citi Reiterates Buy Rating on Mobileye N.V (MBLY)

Citi analyst Itay Michaeli reiterated a Buy rating and $53.00 price target on Mobileye N.V (NASDAQ: MBLY).

The analyst comments "We caught up with Mobileye earlier today (Dan Galves, CCO) and discussed several recent topics including E2E AI, the competitive environment, new business pipeline and SuperVision progress. Overall, no change to our view on the stock. Two points: (1) Despite the renewed competitive debate created by E2E, we view AV tech progress as a potential driver of faster adoption (particularly outside of China), which would likely benefit Mobileye given its current positioning (Mobileye will deploy E2E as part of a multi-layered system on the EyeQ6H) and relative risk profile. To that, the company continues to express a positive tone around new business pipeline conversion. (2) SuperVision continues to expand its ODDs in cities across China, with urban getting closer to deployment as well. Mobileye remains pleased with system performance."

For an analyst ratings summary and ratings history on Mobileye N.V click here. For more ratings news on Mobileye N.V click here.

Shares of Mobileye N.V closed at $25.66 yesterday.

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