MBLY Stock Recent News

MBLY is set to gain from the rising demand for ADAS and autonomous driving features and strategic partnerships despite rising operating expenses.

Autonomous vehicles are rolling out across the country, but it's not Tesla (TSLA 2.92%) that's leading the way. Instead, companies like Mobileye (MBLY 2.06%) are powering the autonomous future.

Needham analyst Quinn Bolton reiterated the Buy rating on Mobileye Global Inc. MBLY, lowering the price forecast from $20 to $18.

MBLY's first-quarter earnings match expectations, while revenues surpass the Zacks Consensus Estimate.

Mobileye reported slightly better Q1'25 revenues, but the company still hasn't topped revenues from 2 years ago. The company had some promising news on robotaxi services, but the material revenue benefit still won't occur until 2027. The stock trades at an EV/S multiple of 6x, not cheap enough for a 3rd wheel in AVs.

Mobileye, a leader in ADAS and autonomous driving, partners with major automakers and holds a significant market share, positioning it for massive growth. Despite a 50% stock drop this year, recent earnings show rapid business expansion and potential for substantial recovery, possibly doubling within a year. Mobileye's growth prospects include $2 billion in sales next year, 20-30%+ sales growth, and the potential for a significant short squeeze due to improving fundamentals.

Mobileye Global Inc. (NASDAQ:MBLY ) Q1 2025 - Earnings Conference Call April 24, 2025 8:00 AM ET Company Participants Dan Galves - Chief Communications Officer Prof. Amnon Shashua - President, Chief Executive Officer Moran Shemesh - Chief Financial Officer Nimrod Nehushtan - EVP of Business Development, Strategy Conference Call Participants Joe Spak - UBS Joshua Buchalter - TD Cowen Shreyas Patel - Wolfe Research Adam Jonas - Morgan Stanley Antoine Chkaiban - New Street Research Mark Delaney - Goldman Sachs Aaron Rakers - Wells Fargo Gary Mobley - Loop Capital Edison Yu - Deutsche Bank Tom Narayan - RBC Operator Greetings, and welcome to the Mobileye First Quarter 2025 Earnings Call.

Mobileye Global (MBLY) came out with quarterly earnings of $0.08 per share, in line with the Zacks Consensus Estimate. This compares to loss of $0.07 per share a year ago.

Mobileye Global beat Wall Street expectations for first-quarter revenue on Thursday, benefiting from an increase in orders for its driver-assistance technology.

Needham analyst Quinn Bolton initiated coverage on Valens Semiconductor VLN with a Buy rating and a price target of $4 Friday. The stock gained after the report.