Goldman Sachs lowered the firm’s price target on Mobileye (MBLY) to $12 from $13 and keeps a Neutral rating on the shares after its in-line Q4 results. The firm expects Mobileye’s revenue growth to accelerate in the future – especially from 2028 on – driven by its expanded backlog for products including its Surround ADAS highway L2+ product and its robotaxi product Drive, though its neutral stance reflects a difficult competitive landscape – both for AVs and ADAS – and a lack of recent awards for L2++/L3 applications, the analyst tells investors in a research note.
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