Jefferies analyst Vanessa Jeffriess initiated coverage of Mobileye with an Underperform rating and $8 price target. While the company offers "interesting exposure" to robotaxis and humanoids, the stock's near-term upside looks limited, the analyst tells investors in a research note. The firm believes Mobileye's growth from the shift to higher-autonomy systems is already reflected in consensus estimates. The company's medium- to long-term outlook is "dependent on a few highly uncertain outcomes," contends Jefferies.
