(News Bulletin 247) – Canaccord Genuity announced on Wednesday that it has started monitoring Mobileye stock with a buy recommendation and a target price of $45.
In a study devoted to suppliers of artificial intelligence systems driving cars, the Canadian broker estimates that the subsidiary of Intel deserves to be treated on the basis of a stock market premium in view of its superior growth and the potential it long-term display.
‘Mobileye is the leader in the driver assistance market (ADAS) with an estimated market share of around 70% and is in pole position to become one of the main contributors to fully autonomous driving’, emphasizes the broker.
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