Key Takeaways JPMorgan downgraded Mobileye, citing concerns about the ramp up of its SuperVision driver-assistance system. The analysts lowered the rating to "underweight" and reduced the price target by $6 to $10. The bank's new price target is substantially below Wall Street's average, according to Visible Alpha data. Shares of Mobileye (MBLY) dropped Monday after JPMorgan downgraded the company, citing doubts about the growth prospects of its SuperVision driver-assistance system. The bank reduced its rat ...

Investors interested in stocks from the Automotive - Original Equipment sector have probably already heard of Valeo S.A. (VLEEY) and Mobileye Global (MBLY) . But which of these two stocks is more attractive to value investors? We'll need to take a closer look to find out. The best way to find great value stocks is to pair a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system. The proven Zacks Rank puts an emphasis on earnings estimates and estimate revisions, while ou ...

mikkelwilliam Mobileye Global Inc. (NASDAQ:MBLY) shares have reached new lows recently after publishing its 2Q24 earnings results. In this article, I look into the recent earnings published by Mobileye, the changing dynamics in China, and share what, I think, could help re-rate the stock to the upside. Data by YCharts I have written extensively about Mobileye on Seeking Alpha, which can be found here. I continue to be constructive on Mobileye as a contrarian play given how depressed both sentiment and valua ...

Mobileye (NASDAQ:MBLY) is one of the top-trending tickers on social media and business news websites, and MBLY stock is down about 20% today. The selloff was triggered by the firm's announcement of a reduction in its 2024 revenue guidance. On a positive note, Mobileye noted that its revenue had soared 84% last quarter compared with the first quarter. Mobileye's Guidance Reductions Mobileye cut its 2024 sales guidance to $1.6 billion to $1.8 billion from $1.83 billion to $1.96 billion. China's automakers hav ...

Earnings weren't bad, but the guidance isn't good. Shares of Mobileye Global (MBLY -18.76%) were trading sharply lower on Thursday, after the company cut its full-year revenue guidance on concerns about demand in China. As of 10:30 a.m. ET, Mobileye's shares were down about 20.3% from Wednesday's closing price. Earnings beat estimates but the outlook isn't rosy At first glance, Mobileye's second-quarter earnings were decent. The company reported adjusted earnings per share of $0.09 on revenue of $439 millio ...

Mobileye Global (MBLY) came out with quarterly earnings of $0.09 per share, beating the Zacks Consensus Estimate of $0.08 per share. This compares to earnings of $0.17 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 12.50%. A quarter ago, it was expected that this maker of driver-assistance systems and autonomous driving technologies would post a loss of $0.06 per share when it actually produced a loss of $0.07, delivering a ...

Industry Overview - The rise of artificial intelligence (AI) is seen as a transformative technology comparable to the internet's impact on global business growth [2][4] - AI systems can perform tasks traditionally handled by humans and have the ability to learn and evolve independently, enhancing their utility across various sectors [3] Market Potential - A report by PwC estimates that AI could contribute $15.7 trillion to the global economy by 2030 through productivity gains and consumption-side benefits [4] - Wall Street analysts are closely monitoring the AI sector, with expectations of significant upside for leading AI stocks [5] Company Insights: Nvidia - Nvidia is identified as a leading AI hardware provider with an implied upside of 55%, with a price target raised to $200 from $140 [6][7] - The company is positioned at the forefront of AI-focused graphics processing units (GPUs) and plans to launch new GPU architectures, maintaining a competitive edge [8] - Nvidia's software, particularly the CUDA platform, is expected to complement its hardware offerings, enhancing its market position [9] Company Insights: Mobileye - Mobileye is projected to have a 100% upside, with a current price target of $53, driven by advancements in its autonomous driving technologies [11][16] - The company's SuperVision technology, which supports various levels of autonomous capabilities, is a key factor in its growth potential [12][18] - Mobileye's strong balance sheet, with $1.2 billion in cash and no debt, positions it favorably despite potential challenges in the electric vehicle market [19] Company Insights: Super Micro Computer - Super Micro Computer is anticipated to have a 65% upside, with a price target of $1,500, benefiting from the growing AI server market [13][14][21] - The company is expected to see significant revenue growth, with estimates of $14.9 billion in 2024 and $24 billion in 2025, reflecting a 237% increase over two years [22] - However, Super Micro's growth is heavily reliant on Nvidia's GPU supply, which poses risks if GPU scarcity continues [23]

STRT currently has a forward P/E ratio of 15.63, while MBLY has a forward P/E of 72.21. We also note that STRT has a PEG ratio of 1.56. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. MBLY currently has a PEG ratio of 4.73. Another notable valuation metric for STRT is its P/B ratio of 0.44. The P/B ratio pits a stock's market value against its book value, which is defined as total assets minus total liabilities. For ...

Shares of Mobileye Global Inc. (MBLY) fell 10% since the company reported first-quarter 2024 results. It incurred an adjusted loss per share of 7 cents, wider than the Zacks Consensus Estimate of a loss of 6 cents. The company had reported earnings per share (EPS) of 14 cents in the year-ago quarter. Total revenues amounted to $239 million, down 48% year over year, beating the Zacks Consensus Estimate of $227 million.FinancialsIn the first quarter, Mobileye’s gross margin decreased 2,260 basis points year o ...

Mobileye Global (MBLY) came out with a quarterly loss of $0.07 per share versus the Zacks Consensus Estimate of a loss of $0.06. This compares to earnings of $0.14 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -16.67%. A quarter ago, it was expected that this maker of driver-assistance systems and autonomous driving technologies would post earnings of $0.27 per share when it actually produced earnings of $0.28, delivering a ...