Mobileye Lands VW Deal For Advanced Driving Tech, Paving Way To Higher Margins, Market Share: Analyst
1. Needham analyst reiterated MBLY as Buy with a $20 target price. 2. Mobileye secured Surround ADAS design win with Volkswagen and Valeo. 3. Surround ADAS expected to advance autonomy with higher ASPs. 4. Bolton projects first-quarter revenue of $437.5 million and EPS of $0.06. 5. MBLY stock down 3.56% at $15.99 at publication.