Mobileye price target raised to $10 from $8.50 at TD Cowen

TD Cowen raised the firm’s price target on Mobileye (MBLY) to $10 from $8.50 and keeps a Buy rating on the shares. The firm said a beat and FY guide raise likely exceeded investors’ expectations, sending the stock +10%. Solid 1H commentary, particularly on China export volumes, is tempered with 2H conservatism on macro/geopolitical overhang, which prudently leaves room for upside.