Mobileye Global Inc. (MBLY) Strengthens Global ADAS Leadership

Mobileye Global Inc. (NASDAQ:MBLY) is one of the best debt-free mid-cap stocks to buy according to hedge funds. On February 10, analysts at Oppenheimer reiterated an Outperform rating on Mobileye Global Inc. (NASDAQ:MBLY).

The positive stance comes on Mahindra selecting Mobileye Global as its tier 1 tasked with supplying both Super Vision and Surround ADAS (Advanced Driver Assistance Systems) solutions to the automaker. The system will be powered by Mobileye’s EyeQ6 High system-on-chip technology and will enable hands-off, eyes-on highway driving under specified conditions. The contract validates the company’s technology platform and affirms prospects of future OEM technology roadmaps.

“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,” said Amnon Shashua, President and CEO of Mobileye.

The deal positions the company as a partner of choice for vehicle OEMs seeking to deliver autonomous and safety solutions in a timely and affordable manner. While the Mahindra pact is expected to yield limited revenue, it should pave the way for a medium-and long-term growth trajectory.

Mobileye Global Inc. (NASDAQ:MBLY) is a leading technology company specializing in the development and deployment of Advanced Driver-Assistance Systems (ADAS) and autonomous driving technologies. It creates computer vision, software, and hardware solutions that enable vehicles to perceive their surroundings, enhancing road safety and paving the way for self-driving mobility.

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