Core Viewpoint - Mobileye's stock is experiencing significant gains due to Lyft's announcement of a robotaxi service utilizing Mobileye's technology, indicating a potential turnaround for the company [1][2]. Group 1: Stock Performance - Mobileye's share price increased by 16.4% amid a broader market rise, with the S&P 500 up 0.6% and the Nasdaq Composite up 1.1% [1]. - Despite today's gains, Mobileye's stock is still down approximately 33% over the past year [5]. Group 2: Business Developments - Lyft plans to launch a robotaxi service using Mobileye's technology as early as 2026, starting in Dallas, with intentions to expand to multiple cities [2]. - Being selected as Lyft's key technology partner is seen as a bullish development for Mobileye, potentially leading to a substantial new revenue stream [4]. Group 3: Financial Performance - Mobileye's financial results have been disappointing, with a 23% year-over-year revenue decline to $490 million in the fourth quarter [3]. - Adjusted earnings per diluted share fell 53% year-over-year to $0.13 [3].

Group 1 - Mobileye Global Inc's stock increased by 16.4% to $18.70 after BofA Securities analyst John P. Babcock upgraded the stock from Underperform to Neutral and raised the price target from $12 to $19 [1][7] - Babcock's cautious stance was influenced by the uncertainty regarding growth and profit outlook, with 2025 guidance falling below BofA and consensus estimates, although this limits downside risk [1][6] - The analyst's discussions with investors indicate that sentiment may be bottoming, with potential contract wins in 2025 serving as catalysts for growth [2][5] Group 2 - Babcock's valuation analysis suggests that Base/Cloud-Enhanced ADAS volumes will remain steady through 2040, with expectations for ADAS products to penetrate a growing portion of the auto market [3][4] - The deployment of advanced AV products is anticipated to drive a gradual shift in market share, with significant contract wins expected in 2025 [5][6] - Projected sales for fiscal years are $1.73 billion in 2025, $1.81 billion in 2026, and $2.07 billion in 2027, indicating a moderate improvement in adjusted operating income [6][7]

Mobileye's (NASDAQ: MBLY ) stock price has come under pressure in recent weeks, after the company failed to provide meaningful updates at CES and subsequently gave weak guidance for 2025. While this could be an early sign of problems, it is not necessarily material. Mobileye'sRichard Durant is the leader of Narweena, an asset manager focused on finding market dislocations that are the result of a poor understanding of a businesses long-term prospects. Narweena believes that excess risk adjusted returns can ...

Mobileye Global Inc. (MBLY) reported fourth-quarter 2024 adjusted earnings per share of 13 cents, which beat the Zacks Consensus Estimate of 12 cents. However, earnings were lower than 28 cents per share recorded in the year-ago quarter.Total revenues amounted to $490 million, beating the Zacks Consensus Estimate of $480 million. However, the metric was down 23% year over year. This was primarily due to a 20% reduction in EyeQ SoC volumes. The decrease stemmed from the previously disclosed significant inven ...

Mobileye Global reported mixed earnings results, with a notable decline in revenue but exceeding analyst expectations for revenue and earnings.Mobileye Global (MBLY 3.37%) is a leader in advanced driver assistance systems (ADAS) and autonomous vehicle (AV) technologies. On Jan. 30, 2025, it announced its earnings for the fourth quarter of 2024, showing signs of progress despite some challenges. Revenue for the quarter was $490 million, surpassing analyst projections of $478 million but marking a 23% decline ...

Mobileye Global (MBLY) came out with quarterly earnings of $0.13 per share, beating the Zacks Consensus Estimate of $0.12 per share. This compares to earnings of $0.28 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 8.33%. A quarter ago, it was expected that this maker of driver-assistance systems and autonomous driving technologies would post earnings of $0.09 per share when it actually produced earnings of $0.10, delivering ...

Exhibit 99.1 Mobileye Releases Fourth-Quarter and Full-Year 2024 Results and Provides Business Overview JERUSALEM – Jan. 30, 2025 – Mobileye Global Inc. (Nasdaq: MBLY) ("Mobileye") today released its financial results for the three months and for the year ended December 28, 2024. "I'm proud of our accomplishments in 2024. Against a challenging backdrop, we executed dozens of production program launches on- time for our customers and shipped the 200 millionth EyeQ system in our history. In 2024, while genera ...

Stock Performance and Market Reaction - Mobileye's stock lost more than half its value last year due to sales pressure from customers carrying excess inventory and a broader industry slowdown in China and Europe [2] - The stock fell 7.7% to $15.65 on Friday and declined 28% over the week amid a broader downturn for U S stocks [2] - Investors were unimpressed by the company's presentation at the CES consumer electronics trade show, leading to a significant drop in share value [8] Technical Analysis and Key Price Levels - The stock's relative strength index (RSI) fell from overbought conditions to below the 50 threshold in less than a week [3] - Crucial support levels to watch are around $15, $12, and $10.50, with a major overhead area near $24 [4][10] - A breakdown below the ascending channel's lower trendline and 50-day MA could see the shares decline to around $15 [10] - Selling below $15 could bring the $12 level into play, with further downside potentially triggering a fall to $10.50 [7] Industry and Company Developments - The company faced challenges due to uncertainty surrounding global self-driving regulations [2] - CEO Amnon Shashua's address at CES did not provide updates on commercial wins, disappointing investors after promising driving assistance technology was unveiled in December [5] - The stock has trended higher within an orderly ascending channel since mid-September but recently found significant resistance near the pattern's upper trendline and the 200-day moving average [6]

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This hidden gem stock could power the autonomous driving future.Autonomous driving is improving rapidly and one company could supply chips and software for tens of millions of vehicles around the world. That company is Mobileye (MBLY -10.51%) and Travis Hoium gives an overview of the company's potential in the video below.*Stock prices used were end-of-day prices of Jan. 7, 2025. The video was published on Jan. 8, 2025. ...