Mobileye upgraded at Berenberg to Buy from Hold
Berenberg upgrades Mobileye (MBLY) to Buy from Hold and raises its price target to $11.00, citing an overcorrection after CEO Amnon Shashua’s resignation and improving product-cycle momentum.
MBLY Berenberg Upgrades MBLY to Buy from Hold, PT $11 Analyst comments: "Despite Mobileye's strong Q2 2026 results, the stock has overcorrected due to the resignation of co-founder and CEO Professor Amnon Shashua.
As such, we believe the stock is once again mispricing the mid-term growth prospects of the business.
Fundamentally, our thesis remains unchanged since our initiation on April 1, with Mobileye well placed to win additional awards in the high-volume L2-L2+ advanced driver assistance systems (ADAS) category as OEMs prioritize cost, efficiency, and scale.
However, the volatility has created varying risk-reward, and we now believe the shares offer a more attractive entry price.
The imminent product cycle shift to the SuperVision segment and robotaxi partnerships are progressing well, with commercial launches expected in the next 12-18 months.
In addition to this progress, the announcement of Mobileye's own vertically integrated robotaxi business provides further upside to the low-single-digit revenue growth the current share price is implying.
As such, we upgrade our rating to Buy and increase our price target to $11.00.
With this note, we also transfer coverage to Tommy Whitfield." Analyst: Tommy Whitfield