Goldman Sachs downgraded Mobileye (MBLY) to Neutral from Buy with an unchanged price target of $17. The firm cites the company’s competitive landscape, risk to Street estimates in 2026 and 2027, and what it considers to be full valuation at current share levels for the downgrade. While it continues to believe that Mobileye has strong technical capabilities, Goldman says the number of companies planning to use Mobileye technology for their future advanced autonomous vehicle programs has been more limited than expected, both in China and globally. The analyst expects overall market autonomous vehicle volumes to be relatively limited for the next two to three years in the U.S. given Goldman’s view that AVs will remain mostly for commercial applications.
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