S&P 500 Futures Drop in Premarket Trading; Carvana, Confluent Lead
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 31 2024
0mins
Should l Buy MBLY?
Source: Barron's
Market Performance: Carvana Co. and Confluent Inc. saw significant pre-market gains of 19.7% and 13.7%, respectively, while Estee Lauder and Aurora Innovation experienced declines of 17.4% and 14.6%. Overall, S&P 500 futures were down 0.70%.
Commodities and Global Markets: Brent crude oil futures rose by 0.57%, gold futures fell by 0.37%, and Bitcoin increased by 0.70%. Asian markets showed mixed results, with Japan's NIKKEI 225 down 0.50% and China's Shanghai Composite up 0.42%.
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Analyst Views on MBLY
Wall Street analysts forecast MBLY stock price to rise
18 Analyst Rating
9 Buy
9 Hold
0 Sell
Moderate Buy
Current: 9.400
Low
12.00
Averages
17.59
High
30.00
Current: 9.400
Low
12.00
Averages
17.59
High
30.00
About MBLY
Mobileye Global Inc is an Israel-based company that is primarily actives in field of development and deployment of advanced driver-assistance systems (ADAS) and self-driving system (AV). Company's portfolio Mobileye’s of solutions is built upon a purpose-built software and hardware technologies designed to provide the capabilities to make advanced driver-assistance systems and autonomous driving a reality. These technologies are dedicated to deliver capabilities of advancing the safety of road users, and improving the driving experience and the movement of people and goods globally. The Company's offerings include Driver Assist, Cloud-Enhanced Driver Assist, Mobileye SuperVision Lite, Mobileye Chauffeur, and Mobileye Drive. Mobileye Global Inc operates globally.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Mobileye Rated as One of the Best Mid-Cap AI Stocks
- Analyst Rating Maintained: Needham analyst Quinn Bolton maintains a Buy rating on Mobileye Global Inc. (NASDAQ:MBLY) with a price target of $16, suggesting a potential 65% upside, reflecting market optimism about the company's growth prospects.
- Key Partnership Agreement: Mobileye has secured an agreement with India's Mahindra & Mahindra to provide SuperVision and Surround ADAS hands-free driver assistance systems, with production expected to commence in 2027, further solidifying its position in the Indian market.
- Technological Edge: The SuperVision system utilizes 11 cameras while Surround ADAS employs 5 cameras, combined with the EyeQ6 high-performance chip, enhancing the product's technological competitiveness and strengthening the company's influence in the global ADAS market.
- Strategic Investment Outlook: Mobileye's President and CEO Amnon Shashua stated that this partnership demonstrates Mahindra's commitment to advanced safety technologies, further enhancing Mobileye's long-term investment potential in India as a strategic hub for ADAS localization and production.
See More
Mobileye Partners with India's Second-Largest Auto Manufacturer for ADAS
- Collaboration Expansion: Mobileye has been selected by Mahindra, India's second-largest auto manufacturer, to supply SuperVision and Surround ADAS systems for six upcoming models, marking a significant deepening of their partnership and expected to enhance Mahindra's competitiveness in the ADAS market.
- Market Outlook: With the growing demand for advanced driver assistance systems (ADAS) in India, Mahindra plans to begin production of the new models in 2027, with Mobileye's technology providing crucial support to help the company secure a leading position in this rapidly evolving market.
- Strategic Importance: Mobileye CEO Amnon Shashua emphasized that India is a key growth market for ADAS technologies, and this collaboration lays the groundwork for advanced solutions in the future, demonstrating the company's commitment to the Indian market.
- Stock Price Reaction: Following the announcement, Mobileye's shares rose over 6%, reflecting positive market expectations regarding the partnership and further boosting investor confidence in the company's future growth potential.
See More
Mobileye Schedules Investor Events for Q1 2026
- Investor Event Schedule: Mobileye is set to participate in several investor events in Q1 2026, including the Wolfe Research Auto and Semiconductor Conference on February 11, the Morgan Stanley Technology, Media & Telecom Conference on March 4, and the Loop Capital Markets Investor Conference on March 10, showcasing its leadership in the autonomous driving sector.
- Webcast Plans: Mobileye plans to webcast its 'fireside chats' when possible, with specific timings to be announced closer to the events, which not only enhances investor engagement but also boosts company transparency and market trust.
- Technological Leadership: Since its founding in 1999, Mobileye has enabled the deployment of over 230 million vehicles equipped with EyeQ technology, leveraging its expertise in AI, computer vision, and integrated software and hardware to solidify its market leadership in ADAS and AV systems.
- Impact of Independent Listing: Following its independent listing from Intel in 2022, Mobileye continues to attract investor interest, and is expected to drive the large-scale adoption of autonomous driving solutions through its innovative technologies and market strategies.
See More
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The Robot Revolution Is Here: Stocks to Consider from Tesla, Hyundai, and Others.
Robots on the Rise: The development of robots is advancing rapidly, suggesting a potential future where they play a significant role in society.
Implications of Robot Integration: The increasing presence of robots raises questions about their impact on various aspects of life, including work and daily activities.
See More
U.S. Banks Report Strong Earnings Amid Proposed Interest Rate Cap
- Strong Earnings: The Big Four U.S. banks (JPMorgan Chase, Wells Fargo, Citigroup, and Bank of America) all exceeded expectations, with Bank of America reporting an 11 basis point year-over-year increase in net interest margin and projecting 5-7% growth in net interest income this year.
- Surge in Trading Revenue: Morgan Stanley and Goldman Sachs reported 40% and 23% increases in equities trading revenue, respectively, indicating robust performance in investment banking amid market volatility, which reflects an overall increase in market confidence.
- Proposed Interest Rate Cap: The Trump administration's proposal to cap credit card interest rates at 10% could force credit card companies to drop high-risk customers, potentially leading to reduced consumer spending and bank profits, with broad economic implications.
- Cautious Investor Sentiment: Despite strong performance in investment banking, analysts express caution regarding IPOs and M&A activity, suggesting that in the current market environment, there may be risks of poor acquisitions that could harm shareholder value.
See More
Mobileye Rated as One of the Best Mid-Cap AI Stocks
- Analyst Rating Maintained: Needham analyst Quinn Bolton maintains a Buy rating on Mobileye Global Inc. (NASDAQ:MBLY) with a price target of $16, suggesting a potential 65% upside, reflecting market optimism about the company's growth prospects.
- Key Partnership Agreement: Mobileye has secured an agreement with India's Mahindra & Mahindra to provide SuperVision and Surround ADAS hands-free driver assistance systems, with production expected to commence in 2027, further solidifying its position in the Indian market.
- Technological Edge: The SuperVision system utilizes 11 cameras while Surround ADAS employs 5 cameras, combined with the EyeQ6 high-performance chip, enhancing the product's technological competitiveness and strengthening the company's influence in the global ADAS market.
- Strategic Investment Outlook: Mobileye's President and CEO Amnon Shashua stated that this partnership demonstrates Mahindra's commitment to advanced safety technologies, further enhancing Mobileye's long-term investment potential in India as a strategic hub for ADAS localization and production.
See More
Mobileye Partners with India's Second-Largest Auto Manufacturer for ADAS
- Collaboration Expansion: Mobileye has been selected by Mahindra, India's second-largest auto manufacturer, to supply SuperVision and Surround ADAS systems for six upcoming models, marking a significant deepening of their partnership and expected to enhance Mahindra's competitiveness in the ADAS market.
- Market Outlook: With the growing demand for advanced driver assistance systems (ADAS) in India, Mahindra plans to begin production of the new models in 2027, with Mobileye's technology providing crucial support to help the company secure a leading position in this rapidly evolving market.
- Strategic Importance: Mobileye CEO Amnon Shashua emphasized that India is a key growth market for ADAS technologies, and this collaboration lays the groundwork for advanced solutions in the future, demonstrating the company's commitment to the Indian market.
- Stock Price Reaction: Following the announcement, Mobileye's shares rose over 6%, reflecting positive market expectations regarding the partnership and further boosting investor confidence in the company's future growth potential.
See More
Mobileye Schedules Investor Events for Q1 2026
- Investor Event Schedule: Mobileye is set to participate in several investor events in Q1 2026, including the Wolfe Research Auto and Semiconductor Conference on February 11, the Morgan Stanley Technology, Media & Telecom Conference on March 4, and the Loop Capital Markets Investor Conference on March 10, showcasing its leadership in the autonomous driving sector.
- Webcast Plans: Mobileye plans to webcast its 'fireside chats' when possible, with specific timings to be announced closer to the events, which not only enhances investor engagement but also boosts company transparency and market trust.
- Technological Leadership: Since its founding in 1999, Mobileye has enabled the deployment of over 230 million vehicles equipped with EyeQ technology, leveraging its expertise in AI, computer vision, and integrated software and hardware to solidify its market leadership in ADAS and AV systems.
- Impact of Independent Listing: Following its independent listing from Intel in 2022, Mobileye continues to attract investor interest, and is expected to drive the large-scale adoption of autonomous driving solutions through its innovative technologies and market strategies.
See More
The Robot Revolution Is Here: Investing in Tesla Stock and Other Opportunities.
Robots on the Rise: The article discusses the increasing presence and capabilities of robots in various sectors, hinting at a potential future where they play a dominant role.
Technological Advancements: It highlights the rapid advancements in robotics technology that are bringing us closer to a future where robots could significantly impact daily life and work environments.
See More
The Robot Revolution Is Here: Stocks to Consider from Tesla, Hyundai, and Others.
Robots on the Rise: The development of robots is advancing rapidly, suggesting a potential future where they play a significant role in society.
Implications of Robot Integration: The increasing presence of robots raises questions about their impact on various aspects of life, including work and daily activities.
See More
U.S. Banks Report Strong Earnings Amid Proposed Interest Rate Cap
- Strong Earnings: The Big Four U.S. banks (JPMorgan Chase, Wells Fargo, Citigroup, and Bank of America) all exceeded expectations, with Bank of America reporting an 11 basis point year-over-year increase in net interest margin and projecting 5-7% growth in net interest income this year.
- Surge in Trading Revenue: Morgan Stanley and Goldman Sachs reported 40% and 23% increases in equities trading revenue, respectively, indicating robust performance in investment banking amid market volatility, which reflects an overall increase in market confidence.
- Proposed Interest Rate Cap: The Trump administration's proposal to cap credit card interest rates at 10% could force credit card companies to drop high-risk customers, potentially leading to reduced consumer spending and bank profits, with broad economic implications.
- Cautious Investor Sentiment: Despite strong performance in investment banking, analysts express caution regarding IPOs and M&A activity, suggesting that in the current market environment, there may be risks of poor acquisitions that could harm shareholder value.
See More
