The so -announced launch this week of the Tesla Robotaxi service in Austin, Texas, has increased the entire autonomous management sector. One of the main beneficiaries of all the Hype Israeli Advancezed Driving Assistance Systems (ADAS) Company Mobileye Global Inc (Nasdaq: MBY), which saw at its price of shares increase 22% on Monday and Tuesday to a market capitalization of $ 14.6 billion.
Related articles
Mobileye reaffirms the guide despite tariffs
Mobileye to unite with Lyft in Robotaxis in Dallas
Mobileye falls into the disappointing guide of 2025
Mobileye benefits from a new impulse in autonomous cars
Oppenheimer Israel’s investment researcher Omri Efroni says: “The main car manufacturers have not been able to develop technology themselves, so they are collaborating with Mobileye, and benefits from this dynamic. Tesla is very advanced and has a great competitive advantage, and in the other hand, China has regulation of history that also hurts western manufacturers With work with mobile phones.
Now, he says, the market expects Mobileye to present more contracts with the main car manufacturers, including Mercedes and GM, for example. Mobileye is already working with some of the manufacturers in other products, and the market awaits more.
According to Yahoo Finance, the average objective price for Mobileye’s shares is approximately $ 19, a premium or 5.9%. Mobileye maintained its Wall Street IPO two and a half years ago at a price of $ 21 per share, which reflected an assessment of approximately $ 17 billion, so it is even lower than the price of OPO just after the last installing of the last one.
Posted by Globes, Israel Business News – Y.globes.co.Il – on June 26, 2025.
© Copyright of Globes Editor Itonut (1983) Ltd., 2025.