Canaccord Genuity Starts Mobileye N.V (MBLY) at Buy, 'in a pole position to help lead the full self-driving market'

Canaccord Genuity analyst George Gianarikas initiates coverage on Mobileye N.V (NASDAQ: MBLY) with a Buy rating and a price target of $50.00.

The analyst comments "Mobileye - MobileAI: Initiating coverage with a BUY rating and $50 price target.We arrive at our PT by applying a ~25x multiple to our 2026 non-GAAP EPS estimate of $2.03. Our multiple is based on comparing valuations across several segments, including semiconductors (AMD, TXN, ON), Modern Mobility (TSLA, NIO, BIDU, LI, WBX, CHPT), AV Ecosystem (INVZ, LAZR, AEVA, QCOM, AMBA, NVDA), OEMs & Tier 1 suppliers (TM, HMC, APTV, MBGAF, GM, etc.) and our sustainability sector (MP, PLUG, WOLF, GNRC, LSI, DFLI). The above comp group trades at ~16x 2026E EPS (FactSet consensus); we estimate our premium multiple for Mobileye is warranted given the company’s superior growth metrics and long-term category potential. Moreover, Mobileye holds the leading position in ADAS market (it estimates ~70% global market share) and is in a pole position to help lead the full self-driving market."

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 $42.32 yesterday.

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