(News Bulletin 247) – The title Mobileye rose on Monday morning on the New York Stock Exchange, driven by an increase in the objectives of analysts at Mizuho, who hailed the good health of the autonomous driving market.
Less than 15 minutes after the start of trading, the action won more than 0.8% while the Nasdaq rose at the same time by around 0.4%.
In a research note released in the morning, the Mizuho teams evoke a favorable environment in electric vehicles and advanced driver assistance systems (ADAS) which should benefit the Israeli group.
The design office mentions in particular a sharp increase in deliveries to Zeekr, a subsidiary of the Chinese Geely, which according to him could pave the way for increased supplies to the parent company by the end of the year.
As for the difficulties currently encountered by its competitor Cariad, they could also allow the group to gain market share at Porsche and Volkswagen, adds Mizuho.
Analysts – who display a buy recommendation on the title – therefore raise their earnings forecasts as well as their price target on the title, which goes from 43 to 48 dollars.
The firm recalls that the group is the undisputed leader in the anti-collision and driver assistance systems market, which should enable it to generate growth in turnover of around 35% per year. year by 2025.
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