Mobileye rises after Steve Cohen's Point72 reports 5% stake

Shares of autonomous driving tech firm Mobileye MBLY.O up 2.4% to $15.18 on Fri after hedge fund Point72 disclosed 5% passive stake

Point72 Asset Management, founded by Steve Cohen, owns ~5.1 mln shares as of Mar 5, according to regulatory filing late Thurs

In wide-ranging interview in late Jan, Cohen spoke about his recent decision to stop trading at the firm, and said artificial intelligence outlook is more positive after China's launch of DeepSeek

Last month, ride-hailing firm Lyft LYFT.O said it plans to roll out robotaxis, powered by MBLY's tech "as soon as 2026"

Israeli-based MBLY, majority owned by Intel INTC.O, in Jan forecasted annual rev below Wall Street analysts' expectations on persistent China weakness

Despite move higher on the session, MBLY shares down ~24% YTD and have shed roughly half their value over the past 12 months

Of 28 analysts covering the stock, recommendation breakdown is 15 "strong buy" or "buy", 11 "hold" and 2 "sell"; median PT of $19 unchanged from three months ago, per LSEG