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Mobileye Global Inc. (NASDAQ:MBLY) is one of the 10 Best Stocks to Buy Under $10. On May 21, Berenberg downgraded its rating on Mobileye Global Inc. (NASDAQ:MBLY) from Buy to Hold.

The research firm pointed to the stock’s rally since March and said that it has made the near-term risk-reward profile more balanced. Berenberg continues to have confidence in the company’s long-term autonomous driving opportunity.

However, since the stock surged more than 40% following a strong Q1 earnings beat, a newly announced $250 million share buyback, and an improved full-year outlook, Berenberg lifted its price target to $10.80 from $9.30 for Mobileye Global Inc. (NASDAQ:MBLY).

The firm pointed out that the company’s Q1 results highlighted the resilience of its advanced driver-assistance systems (ADAS) business.

Despite the downgrade, Berenberg remains confident in the company’s long-term position in the global ADAS and autonomous driving market. The firm pointed to Mobileye Global Inc.’s (NASDAQ:MBLY) solid EyeQ platform, cash-generative core business, and potential upside from advanced products and robotaxi developments as reasons for its continued confidence.

Mobileye Global Inc. (NASDAQ:MBLY) is an autonomous driving company that develops advanced driver-assistance systems (ADAS) and autonomous driving technologies.

While we acknowledge the potential of MBLY as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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