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Deutsche Bank (ETR:DBKGn) reiterated a Buy rating and $48.00 price target on Mobileye following the advanced driver assistance company’s report and guidance. Management initiated guidance calling for sales in the range of $2,192m-2,282m compared to the street’s estimates calling for $2,210m, suggesting solid a upside at midpoint of $2,237m.
Separately, the company continues to gain traction for its SuperVision programs with top OEM customers, announcing that its new development program with a premium European OEM has now been expanded to include eyes-off/hands-off Chauffeur capabilities (launching in 2025).
By Michael Elkins | Michael.Elkins@streetinsider.com
