Mobileye stock price target increased, maintains neutral on partnership By Investing.com
On Monday, Mizuho (NYSE:) Securities adjusted its outlook on Mobileye N.V. (NASDAQ:MBLY) shares, a leader in advanced driver-assistance systems (ADAS), by increasing the price target to $15.00, up from the previous $13.00. The firm continues to hold a Neutral stance on the stock.
The revision comes as Mobileye prepares for its Capital Markets Day on December 9, 2024, where updates on its autonomous vehicle (AV) roadmap are expected, potentially including details on its Supervision, Chauffeur, and DRIVE offerings.
The analyst from Mizuho highlighted several key drivers behind the decision to raise the price target. Among them is Mobileye’s partnership with Lyft (NASDAQ:), which is seen as a positive step for the long-term adoption…
