Jefferies analyst Vanessa Jeffriess initiates coverage on Mobileye N.V (NASDAQ: MBLY) with a Underperform rating and a price target of $8.00.

The analyst comments: “Mobileye is a US-listed, Israel-HQ'd provider of automotive vision chips & software enabling driver-assistance and autonomous driving systems for auto OEMs. It is c75% owned by Intel. It offers attractive exposure to topics du jour, robotaxis and humanoids, but we see risk as skewed to the downside given structural threats and key customer dependence. In our view, the stock’s re-rating ultimately depends on a small number of highly uncertain outcomes: wider adoption of Mobileye's L2/L3 solutions vs OEM autonomy, the ID. Buzz robotaxi rollout & the debate between compound AI systems vs end-to-end AI, and Mentee Robotics progress.”

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 $10.02 yesterday.