Mobileye has the potential to further boost its reputation in the world of autonomous and assisted-driving, according to Deutsche Bank. That could mean good news for stocks. Analyst Emmanuel Rosner initiated coverage on the stock as a buy. The $48 price target suggests the stock could gain 52.1% from Tuesday’s close. He said the company has the right technology to gain market share in autonomous vehicles in the same way that driver-assisted on-board vehicles do. Furthermore, customer acceptance is growing, he said, as six automakers have registered one of their driving products called SuperVision. “Mobileye is a big revenue and revenue accelerator, in our view, as automakers and mobility providers use cost-effective turnkey solutions that enable higher levels of autonomy,” Rosner said in a Tuesday note to clients. Shares gained about 8% in Wednesday morning trading. It is down 3% in 2023. Mobileye began trading on the Nasdaq through an initial public offering last fall, returning to the public market after becoming private after Intel’s acquisition of the company in 2017. MBLY 1D mountain Mobileye stock Rosner expects Mobileye revenue. to hit almost $ 6 billion in 2026 and exceed $ 18 billion in 2030 – up from $ 1.8 billion revenue seen in 2022. Earnings per share should grow the same from 72 cents in 2022 to $ 2.40 in 2026 and almost $ 8 in 2030. But Rosner notes that 2023 earnings per share may be flat or down compared to 2022 due to pressure on the initial margin from the ramp-up of SuperVision and selling and other administrative costs. He also called Mobileye’s crowdsourced live map “superior.” Rosner said the technology puts the company in a good position against car suppliers, chipmakers and automakers in the autonomous vehicle space and could help it become a Tier 1 supplier. To be sure, Rosner said Mobileye’s valuation is considered “rich” in the near term, but he said it’s worth considering its technology, customer relationships and potential opportunities. He also said that there is also potential for the company to secure ties with major automakers such as Ford, Porsche and Audi. – CNBC’s Michael Bloom contributed to this report.