Mobileye is engaged with eight OEMs for its Supervised (SV) products, which is more than previously anticipated, and four OEMs for Surround ADAS. Additionally, the company's autonomous driving technology, Eyes Off/No Driver, is advancing with four OEMs in current or advanced stages of engagement.
This includes two for Chauffeur and two for Drive, representing approximately 20% of global volumes. While Raymond (NS:RYMD) James' model for 2026/27 factors in incremental wins, there is recognition that time is narrowing for these engagements to fully materialize.
According to InvestingPro data, analysts expect the company to return to profitability this year, with 8 analysts recently revising their earnings estimates upward. According to InvestingPro data, analysts expect the company to return to profitability this year, with 8 analysts recently revising their earnings estimates upward.
Mobileye is engaged with eight OEMs for its Supervised (SV) products, which is more than previously anticipated, and four OEMs for Surround ADAS. Additionally, the company's autonomous driving technology, Eyes Off/No Driver, is advancing with four OEMs in current or advanced stages of engagement. This includes two for Chauffeur and two for Drive, representing approximately 20% of global volumes.
While Raymond James' model for 2026/27 factors in incremental wins, there is recognition that time is narrowing for these engagements to fully materialize. According to InvestingPro data, analysts expect the company to return to profitability this year, with 8 analysts recently revising their earnings estimates upward.
Mobileye is engaged with eight OEMs for its Supervised (SV) products, which is more than previously anticipated, and four OEMs for Surround ADAS. Additionally, the company's autonomous driving technology, Eyes Off/No Driver, is advancing with four OEMs in current or advanced stages of engagement. This includes two for Chauffeur and two for Drive, representing approximately 20% of global volumes.
While Raymond James' model for 2026/27 factors in incremental wins, there is recognition that time is narrowing for these engagements to fully materialize.
In other recent news, Mobileye N.V. has been the subject of multiple analyst updates and company developments. Mobileye reported mixed third-quarter earnings with an 11% sequential revenue increase from Q2, but an 8% year-over-year decline due to a 9% drop in EyeQ volumes.
Loop Capital initiated coverage on Mobileye with a Buy rating and an increased price target of $20.00, citing the company's alignment with the growing penetration of Advanced Driver Assistance Systems (ADAS) and autonomous vehicle technology. TD Cowen also showed confidence in the company, raising its price target to $19.00.
Mizuho (NYSE:MFG) Securities increased their price target to $15.00 while maintaining a neutral stance, citing Mobileye's partnership with Lyft (NASDAQ:LYFT) and the steady growth of the ADAS market. On the other hand, Barclays (LON:BARC) trimmed its price target from $19 to $18, but maintained an Overweight rating, acknowledging Mobileye's robust third-quarter performance. Deutsche Bank (ETR:DBKGn) maintained its Hold rating, recognizing Mobileye's ability to uphold its full-year guidance.
RBC Capital maintained its Sector Perform rating on Mobileye, following the company's investor event in Munich, Germany, where it was suggested that Mobileye might be nearing a significant nomination with a Japanese automotive manufacturer. Mobileye also reported changes in board composition, with Mr. Frank D. Yeary resigning from the Audit Committee of Mobileye Global (NASDAQ:MBLY)'s board for the duration of his tenure at Intel (NASDAQ:INTC).
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