#5 - Mobileye (NASDAQ:MBLY)
Mobileye Global Inc. (NASDAQ: MBLY) is one of the pioneers in advanced driver assistance systems (ADAS). The company’s equipment is currently in use on over 130 million vehicles. However, revenue is down year-over-year in 2024 as demand for new equipment has slumped due to the slowdown in the overall EV industry. This includes the company's next-generation ADAS technology.
While Mobileye appears to be turning the corner on revenue, it was still posting a year-over-year decline of around 9% as of the company’s third quarter. And there’s concern over China’s push to develop advanced technologies, such as ADAS, within the country.
That's reflected in the MBLY stock price, which is down approximately 58% in 2024 as of December 2. However, the stock looks to have made a bottom in September and is up 25% to close out the year. Bulls can point to the company’s gross margin, which is nearly 70%. Mobileye also has a $1.4 billion cash reserve.
About Mobileye Global
Mobileye Global Inc develops and deploys advanced driver assistance systems (ADAS) and autonomous driving technologies and solutions worldwide. The company operates through Mobileye and Other segments. It offers Driver Assist comprising ADAS and autonomous vehicle solutions that covers safety features, such as real-time detection of road users, geometry, semantics, and markings to provide safety alerts and emergency interventions; Cloud-Enhanced Driver Assist, a solution for drivers with interpretations of a scene in real-time; Mobileye SuperVision Lite, a navigation and assisted driving solution; and Mobileye SuperVision, an operational point-to-point assisted driving navigation solution on various road types and includes cloud-based enhancements, such as road experience management.
Read More - Current Price
- $16.95
- Consensus Rating
- Hold
- Ratings Breakdown
- 12 Buy Ratings, 10 Hold Ratings, 2 Sell Ratings.
- Consensus Price Target
- $23.45 (38.3% Upside)
