This autonomous driving stock will rally as adoption accelerates, Citi says

Mobileye Global is likely to gain ground as the use of its autonomous driving technology increases, per Citi. 

Skip NavigationJoin ICJoin ProLivestreamMenuMobileye Global is poised to see significant gains as its technology is increasingly integrated into vehicles around the world, according to Citi. The investment bank initiated coverage of the autonomous driving tech stock with a buy rating. It put an $11 price target on shares, implying 48% upside from Thursday’s close. “The global auto industry will continue to find ways to improve vehicle safety, and autonomous technology is at the forefront of improvement over the next decade,” analyst Michael Ward said Friday in a note to clients. “Mobileye has been a global leader in advanced driver assistance systems (ADAS) for 25 years and has extended into autonomous driving technologies.” MBLY YTD mountain MBLY in 2026 The analyst noted that Mobileye’s EyeQ system-on-chip technology technology has been installed in more than 230 million cars across 1,400 models globally. He added that the company’s technology will likely reach more vehicles due to rising adoption of advanced vehicle systems, including lidar and 360-degree vision. Those systems power features such as steering assist, adaptive cruise control, and autonomous driving, according to Citi. Mobileye plans to launch “more sophisticated systems with global vehicle manufacturers that include more advanced and higher content driver assist systems” in 2028, Ward wrote. Citi’s call goes against consensus on the Street. Of the 25 analysts covering Mobileye Global, 10 have a buy or strong buy on the stock, while 14 have a hold rating on it, LSEG data shows. Shares have fallen 29% year to date, vastly underperforming the S & P 500, which is up 13% in that time.Read More

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