Analyst Peter McNally from Stifel Nicolaus maintained a Buy rating on Seeing Machines (SEE – Research Report) and keeping the price target at p9.60.
Peter McNally’s rating is based on Seeing Machines’ strategic positioning and growth potential. The company has laid out a clear path to profitability, highlighted during a recent Town Hall presentation attended by numerous investors. The event underscored Seeing Machines’ market leadership, with expectations of a significant increase in royalty-generating unit volumes by July 2026 and substantial cash flows by late 2026.
Additionally, the strategic partnership with Mitsubishi Electric Mobility is crucial, as it expands market reach and could lead to Mitsubishi becoming a full distributor. Cost reductions and the rollout of the Guardian Generation 3 system further support the company’s profitability goals. The upcoming regulatory changes in Europe, mandating driver monitoring systems, position Seeing Machines to benefit from increased demand. Given these factors, McNally sees the current valuation as attractive, leading to a Buy recommendation.