Mobileye Global Inc. (NASDAQ:MBLY) is one of the promising stocks to buy under $50. On January 8, Piper Sandler lowered the firm’s price target on Mobileye to $13 from $15 with a Neutral rating on the shares. Piper Sandler anticipates a divergent year for global auto markets in 2026.
North American sales are projected to slip 1.2% as affordability remains a major hurdle for consumers; however, local production may find a floor through re-shoring efforts and reduced import competition. In Europe, Piper Sandler expects a return to sales growth, fueled by government support and a surge of budget-friendly Chinese vehicles. Conversely, China’s domestic market is braced for a 3% sales decline due to subsidy expirations and macro headwinds, though robust export demand should help soften the blow to factory output.
In other news, on January 6, Mobileye Global Inc. announced a definitive agreement to acquire the humanoid robotics startup Mentee Robotics for ~$900 million. The deal consists of $612 million in cash and up to 26.2 million shares of Mobileye Class A common stock. This acquisition is expected to close in Q1 2026 and represents Mobileye’s expansion into embodied AI, using its expertise in autonomous driving to enter the field of general-purpose robotics.
Mobileye Global Inc. develops and deploys advanced driver assistance systems/ADAS and autonomous driving technologies and solutions worldwide.
READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.
This article is originally published at Insider Monkey.
