11 Best Self-Driving Car Stocks to Buy According to Analysts

2. Mobileye Global Inc. (NASDAQ:MBLY)

Analysts’ Upside Potential as of April 22: 60.93%

Mobileye Global Inc. (NASDAQ:MBLY) develops and implements autonomous driving and ADAS technology and solutions. Through the use of a wide range of specialized hardware and software technologies, it is developing a portfolio of end-to-end ADAS and autonomous driving solutions to offer the capabilities required for the future of autonomous driving. Mobileye and Others are the company’s reportable operating segments. Its offerings include Self-Driving System & Vehicles, Mobileye SuperVision Lite, Mobileye Supervision, Mobileye Chauffeur, Mobileye Drive, and Cloud-Enhanced Driver Assist. The Mobileye Segment generates the most revenue for the business. It is ranked second on our list of the Best Autonomous Driving Stocks.

John Murphy, an analyst at Bank of America, boosted the stock price objective for Mobileye Global Inc. (NASDAQ:MBLY) from $12 to $19 on February 10th, upgrading the company from “Underperform” to “Neutral.” According to the firm, there is no negative risk to projections even though 2025 guidance is still below consensus estimates. Potential 2025 catalysts were noted by the analyst based on contract wins with multiple automakers in the latter phases of contract negotiations for its autonomous driving technologies, Surround advanced driver-assistance systems, and AI-powered SuperVision system.

Baron Fifth Avenue Growth Fund stated the following regarding Mobileye Global Inc. (NASDAQ:MBLY) in its Q4 2024 investor letter:

“During the quarter, we also bought back our shares in Mobileye Global Inc. (NASDAQ:MBLY), a leading provider of advanced driver-assistance systems (ADAS) and autonomous driving technologies for the automotive industry. Last year was a particularly challenging year for the company, as it was impacted by cyclical headwinds due to inventory build-up as well as market share losses in China. We believe the company is making progress in its advanced solution portfolio. We were encouraged that the Volkswagen Group signed contracts for 18 different models across brands such as Audi, Bentley, Lamborghini, and Porsche. We maintain our belief that the autonomous vehicle market is substantial and strategically important. Despite recent challenges, we believe that Mobileye can be a key supplier as the market matures and the undemanding valuation creates an attractive risk/reward for long-term investors.”