10 Stocks That Received Analyst Approval This Week

4. Mobileye Global Inc. (NASDAQ:MBLY)

Mobileye Global Inc. is a global provider of autonomous driving solutions and advanced driver assistance systems (ADAS). These are systems that utilize cameras or sensors to help drivers react to different types of hazards on the road. The stock was just initiated by Oppenheimer with an Outperform rating. The target price assigned to the stock is $28.

According to Oppenheimer analysts, the light-duty vehicle industry is migrating to vehicles with lower emissions, and as autonomous driving becomes the norm, this migration will accelerate. They believe once that shift happens, MBLY will be a key part of most of the legacy OEMs that will meet the demands of this market.

MBLY stock has been down 44% in a year and a positive outlook like the one Oppenheimer is suggesting could finally change the shareholders’ fortune. The stock is already up in the last 5 days of trading and looks to be picking up momentum.