UBS Reiterates Neutral Rating on Mobileye (MBLY)

Mobileye Global Inc. (NASDAQ:MBLY) is one of the 10 Stocks Under $20 to Buy According to Analysts. On October 27, UBS reiterated its Neutral rating on Mobileye Global Inc. (NASDAQ:MBLY) with a price target of $17.

This decision came after Mobileye Global Inc. (NASDAQ:MBLY) shared that it has secured a new Surround ADAS award. This nomination was given by a leading Western automaker for a high-volume program. It follows a previous award the company received from Volkswagen AG.

This new award shows progress in Mobileye Global Inc.’s (NASDAQ:MBLY) long-term strategy and might help bring more Surround ADAS contracts from other non-Chinese manufacturers.

However, UBS pointed out that this program is not expected to start before 2028. This creates a long wait before the program brings in any revenue. The research firm thinks that the 2026 estimates for Mobileye Global Inc. (NASDAQ:MBLY) are now making more sense than earlier forecasts.

UBS also believes that the stock could rise in the coming weeks if Mobileye Global Inc. (NASDAQ:MBLY) can announce which automaker is involved.

Mobileye Global Inc. (NASDAQ:MBLY) is an autonomous driving company that develops advanced driver-assistance systems (ADAS) and autonomous driving technologies.

While we acknowledge the potential of MBLY as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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