This week, the highly-announced launch of Tesla’s Robotax Service in Austin, Texas, helped boost the entire autonomous driving division. One of the main beneficiaries of all the hype is the Israeli Advanced Driver Assistance Systems (ADAS) company Mobileye Global Inc (NASDAQ: MBLY). Stock prices rose 22% on Monday and Tuesday, bringing its market capitalization to $14.6 billion.
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Oppenheimer Israel Investment Researcher Omri Efroni said, “They are benefiting from this dynamic because they work with Mobileye because they were unable to develop their own technology. They prefer Mobileye, a system supplier, rather than a competitor, from their direct rival Tesla.”
Currently, the market expects Mobileye to offer more contracts with major automakers such as Mercedes and GM. Mobileye has already collaborated with several manufacturers of other products, and the market is hoping for more.
According to Yahoo Finance, the average target price for Mobileye stock is around $19, a premium of 5.9%. Mobileye held the Wall Street IPO two and a half years ago at a price of $21 per share. This reflects a valuation of around $17 billion, which is lower than the IPO price even after the latest rise.
Published by Globes, Israel Business News – En.globes.co.il – June 26, 2025.
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