The Volkswagen Endorsement That Could Make Mobileye Stock Worth Buying

Last Friday, Volkswagen issued a press release naming 44 critical suppliers for its Future Automotive Supply Tracks (FAST) initiative. Wall Street analysts were particularly interested in two names that appeared on the list, Mobileye NV MBLY 0.1% and Delphi Automotive PLC DLPH 0.86%, and what their inclusion on the list means for the two stocks.

What Is FAST?

According to Volkswagen, the FAST campaign, which launched earlier this year, aims to “successfully implement joint technological innovations even faster than in the past and to realize vehicle projects worldwide even more efficiently and effectively.” The company added that the 44 companies on the list were “chosen for their outstanding performance in their respective field of competence based on a systematic selection process.”

Morgan Stanley’s Take

Analyst Ravi Shanker sees…

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