CFRA Boosts Mobileye (MBLY) to Strong Buy Following Advancements in Robotaxi Operations

Mobileye Global Inc. (NASDAQ:MBLY) is one of the best meme stocks. On July 24, CFRA raised the rating for MBLY from Buy to Strong Buy, also upping the price target to $21 from $22.

The research firm pointed out that the rise of robotaxis, backed by new partnerships with Uber and Lyft, could play a pivotal role in driving stronger results from 2027 onward. This growth may help balance out challenges from industry uncertainty and weaker EV demand.

CFRA raised its earnings per share forecasts for Mobileye to $0.36 in 2025, $0.51 in 2026, and $0.69 in 2027, noting positively that the company increased its operating income outlook for the current year, even with ongoing trade hurdles.

Mobileye outperformed expectations in China, delivering around 1.5 million units in the first half of 2025 instead of the expected 1 million. The company also doubled its 2025 SuperVision forecast to 40,000 units.

The firm sees Mobileye Global Inc. (NASDAQ:MBLY) as a good robotaxi investment for investors who want to avoid the drama around Tesla. It also notes that the company could gain more if additional trade deals, similar to Japan’s 15% tariff rate, are made with the European Union.

Mobileye Global Inc. (NASDAQ:MBLY) makes advanced driver assistance systems (ADAS) and self-driving technologies. Its products include features like Base ADAS, SuperVision, Mobileye Chauffeur, and Mobileye Drive, which are used in cars, fleets, and robotaxis.

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