IB Net Payout Yields Model

Invest like me - only at Covestor.com

Mobileye Global: Still Priced For Perfection

By -

Update May 25, 2023 

The Wells Fargo analyst sounds really bullish, but the price target only offers 25% upside. The better bet is Luminar Tech. (LAZR) at these prices.

-Mobileye (NASDAQ:MBLY) shares rose more than 4% in pre-market trading on Thursday as Wells Fargo started coverage on the autonomous driving semiconductor company with an overweight rating.

-Analyst Aaron Rakers, who also put a per-share price target of $50 on Mobileye (MBLY), noted that the company is in the early stage of a "platform appreciation," helping automotive company get to the goal of fully autonomous vehicles over the next five to ten years.

-"We're positive on MBLY's strategy that SuperVision adoption / expansion will serve as the foundation for its consumer AV strategy," Rakers wrote in an investor note. Rakers sees Mobileye (MBLY) generating SuperVision revenue over the next five years to $3.2B and possibly as high as $7B.

 Finviz Chart

Original article posted on Apr. 28

  • Mobileye Global Inc. has to cut 2023 revenue targets due to a Chinese customer struggling to meet sales targets.
  • The ADAS company has a massive backlog, but revenues are only forecast to grow around 10% this year.
  • Even with the dip, Mobileye Global Inc. stock still trades at 14x lowered '23 sales targets.
As highlighted when Mobileye Global Inc. (NASDAQ:MBLY) completed the IPO process late last year, MBLY stock then was more than priced for perfection. Such stocks face major downside risk when the business doesn't hit financial

Read the full article on Seeking Alpha. 

Disclosure: No position mentioned. Please review the disclaimer page for more details. 

Comments

Post a Comment

Popular posts from this blog

Kohl's: Worth $75 Without Financial Engineering

By -
Image
  Kohl's has activists wanting the company to spin off the e-commerce division to unlock value. The company already has plans to grow the business and activists have yet to show how a full omni-channel business can operate as two different companies. The stock is absurdly cheap at 7x EPS targets and Kohl's will repurchase over 15% of the outstanding shares this year. Looking for more investing ideas like this one? Get them exclusively at Out Fox The Street.   Learn More » After an outstanding quarter with business booming,  Kohl's  ( KSS ) faces activists wanting to break up the business. The omni-channel retailer is facing the same pressure as other department stores to separate the e-commerce business in what amounts to financial engineering. My  investment thesis  remains very bullish on the retailer as the company reinvents the shopping experience. Read the full article on Seeking Alpha.  Disclosure: Long KSS. Please read the disclaimer page for more details.  Update -
Read more

Stat of the Day: Leading Indicators Jump Again

By -
The Conference Board reported this morning that Leading Economic Indicators for October came in at 0.9% easily surpassing expectation (how is that considering the numbers are known?).  The leading indicators are usually an accurate predictor of economic conditions in the next months. This number continues to increase at a solid clip. If only the US market could focus on leading indicators like these and jobless claims and less on Europe. Not going to spend much time highlighting the individual components because it just doesn't matter. The numbers have been strong and will likely continue as like as monetary policy is accomondative. It likely won't change until investors become overly bullish on the stock market. The economy will continue rolling along producing jobless claims below expectations, but the stock market will get roiled by Europe. Some day though that will end and this bullish data will matter. 10:02 AM   Oct. Leading Indicators:  Leading Index  +0.9%  vs
Read more

Out Fox The $treet - December 13, 2019

By -
Image
Stocks to watch at week end: Lyft (LYFT) - the launch of Lyft Rentals isn't smart. The ridesharing service appears set to create another way to lose money. A prime benefit of the service is the door-to-door service where customers get a $20 ride credit each way. In essence, Lyft is giving away rides where the company already loses money in order to obtain what might only be a daily rental for $35. A lot of the service appears better for consumers, but the company is actually offering these ride credit discounts. Until Lyft can charge premium fees, avoid the stock. Canopy Growth (CGC) - the Ontario govt has approved a plan to license 20 stores a month starting next April. Canopy Growth expected 40 stores per month starting in January leaving a 300 store gap from expectations. This stock is still headed to $10. More research: Canopy Growth: Constellation Bid Appears Unlikely, For Now Stitch Fix (SFIX) - here comes the expected dip following another solid quarterly report.
Read more