Mobileye price target raised to $17 from $14 at RBC Capital

RBC Capital raised the firm’s price target on Mobileye (MBLY) to $17 from $14 and keeps a Sector Perform rating on the shares. Although the firm is less confident on seeing SuperVision design wins in 2025, RBC Capital thinks the company’s full year financial guide is too conservative, the analyst tells investors in a research note. Robotaxi service developments look “promising,” the firm adds.