Citi initiated coverage of Mobileye Global with a buy rating and an $11 price target, implying 48% upside. Analyst Michael Ward highlighted that Mobileye has been a global leader in advanced driver assistance systems for 25 years. Its EyeQ technology is already installed in more than 230 million vehicles worldwide. The stock has declined 29% year to date, significantly underperforming the S&P 500 which has gained 13% over the same period.
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