How Mobileye Could Boost Market Share Well Into 2020s
Citigroup raised its price target on Mobileye (MBLY) on expectations the supplier of camera-based technology for self-driving cars could gain even more market share by adding new customers such as Volkswagen (VLKAY) and Toyota (TM). Israel-based Mobileye is a leader in advanced driver assistance systems (ADAS), whose chips and software take in data from car cameras. Its EyeQ chips, for example, enable cameras to scan the area around a vehicle and