Deutsche Bank Asserts Mobileye Global (MBLY) 'Buy' Rating on EyeQ6 High-based SuperVision System Prospects

Mobileye N.V. (NASDAQ:MBLY) is one of the best lidar stocks to buy right now. On September 4, Deutsche Bank reiterated a ‘Buy’ rating on the stock and a $16 price target. The positive stance echoes the research firm’s confidence in the company’s long-term prospects, as demonstrated by the production of vehicles equipped with the EyeQ6 high-based SuperVision system.

The investment bank expects the launch of the EyeQ6 High-based Supervision system to strengthen the company’s prospects and sentiments in the market. The announcement of a new OEM design and updates on robotaxi efforts are other factors that the research firm expects to bolster the company’s long-term prospects.

The remarks come on the heels of Mobileye delivering solid second-quarter results, whereby revenue totaled $506 million, beating consensus estimates of $486 million. The company has revised its fiscal 2025 revenue forecast upward to $1.79 billion, compared to the previous estimate of $1.75 billion, reflecting an expected 8% growth from the prior year.

Mobileye Global Inc. (NASDAQ:MBLY) develops and implements lidar technology as a critical component of its “True Redundancy” sensing system for autonomous vehicles, creating a parallel, independent model of the environment to complement its camera and radar systems, thereby enhancing safety and robustness.

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Disclosure: None. This article is originally published at Insider Monkey.