On Wednesday, Mobileye NV MBLY, Intel Corporation INTC and BMW announced a news conference to be held Friday.
Evercore analysts maintain a Buy rating on Mobileye, with a price target of $60.
The Deal
“The media, citing anonymous sources, is reporting that the three companies are going to unveil a partnership to develop autonomous cars,” the analysts mentioned.
Although the companies did not provide any details, the analysts believes there is sufficient context to make a reasonable estimation of what to expect.
“We note that this would also be a huge boost for all Mobileye-associated tier 1s, as full autonomous content per vehicle could potentially be 10x basic-level AEB,” the analysts added.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.