Mobileye: Canaccord Genuity starts tracking as a buyer

(CercleFinance.com) - Canaccord Genuity today said that it has begun to monitor Mobileye shares with a Buy rating and a target price of $45.


In a report on suppliers of artificial intelligence systems for driving cars, the Canadian broker believes that the Intel subsidiary should be trading at a premium, given its higher growth and long-term potential.

"Mobileye holds the leading position in ADAS market (it estimates~70% global market share) and is in a pole position to help lead the full self-driving market", the broker points out.


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