Mobileye Global (MBLY) is unlikely to announce any major OEM wins at its investor day in December, RBC Capital Markets said in a note emailed Tuesday.
Instead, the Israeli developer of self-driving technologies will likely discuss how its tech is developing, according to the firm.
RBC Capital said it expected test experiences of the company's SuperVision product to include level 2 navigable travel on highways and arterial roads, and to include automatic lane changing, exits, and entrants.
These features would not only help the product distinguish itself from existing level 2 automation in the market, but also closely align SuperVision with Tesla's Full Self-Driving, RBC said.
Meanwhile, the firm slashed its 2025 revenue estimate for Mobileye to $1.85 billion from its previous level of $2.02 billion to account for lower shipments of SuperVision units.
"We now expect Zeekr to contribute less in 2025 vs 2024 and Volvo and FAW could contribute with smallish volumes," RBC wrote.
The firm maintained its sector perform rating on the stock and a price target of $11.
Price: 18.07, Change: -0.43, Percent Change: -2.32
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