Baird noted Mobileye (MBLY) shares fell 10% yesterday but they expect the stock to recover most of the pullback. The firm cited its memorandum of understanding with Volkswagen (VLKAY) to source its camera technology for real-time mapping, which represents a significant share opportunity as Volkswagen is the second largest automaker in the world. Baird reiterated its Outperform rating and $78 price target on Mobileye shares.
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