Mobileye upgraded to Strong Buy on plans for US robotaxi launch in 2027 and attractive valuation.

Mobileye Global Inc. has been upgraded to a Strong Buy rating due to its plan to launch a vertically integrated robotaxi service in the US by 2027. The company's strong autonomous driving technology and existing mobility tools position it well to grow quickly in the competitive robotaxi market. Despite competition from Waymo and Tesla, Mobileye's stock remains attractively valued at 8.64 times projected 2029 earnings, with potential for upward revisions in earnings per share. This makes Mobileye a compelling investment as it leverages its assets to enter a high-growth sector.