Needham Analysts Stay Bullish On Mobileye Global (MBLY)

Mobileye Global Inc. (NASDAQ:MBLY) is one of the 12 best mid cap AI stocks to buy according to hedge funds. On February 11, Needham analyst Quinn Bolton maintained his Buy rating on Mobileye Global Inc. (NASDAQ:MBLY) stock, along with the price target of $16. The price target suggests another 65% rally in the stock from here on.

A day prior to this, Mobileye announced that it had secured an agreement with India’s Mahindra & Mahindra to provide SuperVision and Surround ADAS hands-free driver assistance systems. These systems use the company’s EyeQ6 High system-on-chip, with SuperVision also using 11 cameras and Surround ADAS 5 cameras. Production of vehicles containing these systems is expected to commence at some point in 2027.

Here’s what the President and CEO of Mobileye, Amnon Shashua, had to say on the occasion:

”This nomination demonstrates Mahindra’s commitment to advanced safety technologies and strengthens Mobileye’s long-term investment in India as a strategic hub for ADAS localization and production.”

The position as a Tier 1 supplier across Mahindra & Mahindra’s all programs is likely to bode well for the company’s ventures in the South Asian country.

Mobileye Global Inc. (NASDAQ:MBLY) develops computer vision and machine learning technologies for Advanced Driver Assistance Systems (ADAS), along with related autonomous driving solutions. The company is headquartered in Jerusalem, Israel.

While we acknowledge the potential of MBLY as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.