Mobileye (MBLY) disclosed that its previously announced Surround ADAS win represents roughly 9M vehicles starting in 2028, implying a large Western OEM and validating continued OEM demand for premium Level 2+ offerings despite recent market skepticism, RBC Capital tells investors in a research note. The update supports the view that OEMs may selectively outsource advanced ADAS while retaining autonomy control, with the news likely driving a near-term share rebound after recent pressure, RBC says. RBC Capital has a Sector Perform rating and $18 price target on Mobileye shares.
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