Analyst Quinn Bolton of Needham maintained a Buy rating on Mobileye Global, Inc. Class A (MBLY – Research Report), retaining the price target of $20.00.
Quinn Bolton has given his Buy rating due to a combination of factors that highlight Mobileye Global, Inc.’s strategic advancements and competitive positioning. The company recently secured a significant design win for its Surround ADAS technology with Volkswagen, signaling progress in its monetization strategy. This technology offers original equipment manufacturers (OEMs) a pathway to higher average selling prices (ASPs) and advanced autonomous solutions, which are expected to become standard, particularly in the European market.
From a competitive standpoint, Mobileye’s achievement of being the first supplier to provide a full software stack for Level 2+ functions and advanced safety, all deployed on a single system on a chip (SoC) in a consolidated electronic control unit (ECU), demonstrates its capability to deliver integrated advanced functions. This development enhances OEMs’ trust in Mobileye’s offerings, reinforcing its competitive edge. The expectation of unit deployments by calendar year 2027 supports the stability of the company’s growth model, justifying the Buy rating.