Brocker.Org: This stock will rally approximately twenty% this year on autonomous driving expansion, Goldman Sachs states

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Investors should obtain Mobileye shares due to the fact the firm’s earnings will surge in the coming decades owing to its automatic-driving chips product sales, in accordance to Goldman Sachs, which upgraded the firm to obtain from neutral.

“We expect the stock to re-charge on the again of earnings momentum and potential even further wins in absolutely autonomous driving,” analyst Alexander Duval wrote in a be aware to clientele Thursday.

Mobileye produces the chips, cameras and computer software that make driver-support automation possible for automakers.

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