William Blair Analyst Weighed in on Mobileye (MBLY) Following Conference

William Blair analyst Jason Ader provided highlights on Mobileye N.V (NYSE: MBLY) after Senior Vice President and Chief Financial Officer Ofer Maharshak presented at William Blair's 35th Annual Growth Stock Conference on Tuesday.

Ader commented, "Mr. Maharshak highlighted secular drivers for the business, specifically the global ADAS regulatory momentum and the autonomous driving megatrend. Additionally, management noted its confidence in at least 50% market share for camera-based ADAS and $50 unit ASPs by 2020. On ASPs, MBLY's latest ADAS design wins scheduled to ramp up in 2017 include advanced AEB (autonomous emergency braking) features, which should lift ASPs from the current level of $44. Mr. Maharshak also spoke to the competitive landscape for ADAS, in which MBLY is the only player offering a full suite of mono-camera-based AEB features, which have become central to recent RFQs. Lastly, management noted that OEMs are unlikely to dual source ADAS technology due to high costs associated with running multiple RFQs, which together with the long development cycles in the auto industry create a definitive advantage for MBLY to fend off competition."

He added, "On autonomous driving, Mr. Maharshak spoke to the upcoming trend in semi-autonomous driving, with a projected timeline of adoption on highway roads in 2016, and country/city roads in 2018 and beyond. The leap toward fully-autonomous driving is not likely to occur before 2020. Mobileye is currently working with 13 OEMs on autonomous driving development programs, with 4 of these OEMs signed up for production launches from 2016-2018."

The firm reiterated an Outperform rating on the stock.

For an analyst ratings summary and ratings history on Mobileye N.V click here. For more ratings news on Mobileye N.V click here.

Shares of Mobileye N.V closed at $48.02 yesterday.

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