Safestocks sept 19 Mobileye reference20 Sep 2020 14:31
From 12 months ago it’s great to see these words again from Cenkos.
In a note issued yesterday, house broker Cenkos upgraded its price target to 12p. Analyst John-Marc Bunce explained: ‘We believe the turnaround in fleet will drive the company to profitability in under 2 years with the cash runway looking sufficient even before accounting for licensing deals or financing against recurring revenues.”
Lest we forget, there is also a bigger game afoot, as Bunce pointed out in his note:
“… one could argue that Seeing Machines has greater strategic value than Mobileye has as we highlight the ever-increasing importance for reliable face, eye and emotion tracking in the real world for many applications beyond automotive and transportation; from retail, medical, personal robots and personal computing devices. This value would be seen not just but major chip and software platform providers like Intel, but also the world’s tech giants.”
https://www.safestocks.co.uk/tag/mobileye/