Mobileye Lands VW Deal For Advanced Driving Tech, Paving Way To Higher Margins, Market Share: Analyst

On Wednesday, Needham analyst Quinn Bolton reiterated Mobileye Global Inc MBLY with a Buy and a $20 price target.Mobileye announced its first Surround ADAS design win with Volkswagen AG VWAGY and Valeo SE – ADR VLEEY as Tier 1.Bolton noted this as a step forward in the company’s monetization strategy.Also Read: Mobileye Gains Analyst Upgrade On 2025 Catalysts, But Profit Delays And Competition Keep Rating NeutralAccording to the analyst, surround ADAS provides OEMs with another step (at higher ASPs) towards ...