Out Fox The $treet

  Mobileye Global warns of inventory issues and expects 2024 guidance to fall far short due to excess supplies caused by double EyeQ ordering during Covid. The ADAS chip company guided to 2024 revenues of only $1.9 billion suggesting a bigger problem than the 6 to 7 million excess chip inventory at Tier 1 customers. MBLY stock still trades at an elevated 12x 2024 sales targets despite the 25% dip. Since going public via the spin-off from  Intel Corporation  ( INTC ) in late 2022,  Mobileye Global Inc.  ( NASDAQ: MBLY ) has constantly traded at a premium valuation. The ADAS chip company just announced a  massive warning due to inventory issues at the end of 2023. My  investment thesis  remains Bearish on the stock even after the nearly 25% loss in early trading today, January 4th. Read the full article on Seeking Alpha.  Disclosure: No position mentioned. Please read the disclaimer page for more details. 

This idea was discussed in more depth with members of my private investing community, Out Fox The Street.  Learn More »   Update - June 5, 2023 Intel dumping shares should cap the stock in MobilEye following the irrational double top at $46. -Mobileye Global (NASDAQ:MBLY) on Monday announced the commencement of a secondary stock offering of up to 35M of its class A shares by a unit of Intel (INTC). -The Intel (INTC) unit selling the shares in the offering is Intel Overseas Funding Corporation. 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 ...

Citron Research published a $20 price target on BlackBerry. The stock is already up significantly off the recent lows and trades at a market multiple for a growth company. BlackBerry has upside potential on momentum, but the stock lacks the multiple expansion of Nvidia. Citron Research published a  report  placing a $20 target on  BlackBerry (NASDAQ: BBRY ). The opinion was shaped on the back of the incredible gains of  Nvidia  (NASDAQ: NVDA ) as the market made a sea change rerating of the stock, based on limited revenue growth and the recent buyout of  Mobileye (NYSE: MBLY ) at a lofty valuation. Read the full article on Seeking Alpha.  Disclosure: No position. Please review the disclaimer page for more details. 

Mobileye easily surpassed Q2 analyst estimates. Ending a partnership with Tesla Motors is a big red flag on whether Mobileye will maintain a technology lead. The stock is richly valued, considering the profit margins are unsustainable due to the low spending levels. The  Q2 results  for  Mobileye (NYSE: MBLY )  were phenomenal on all metrics. The assisted driver technology leader though faces some challenges going forward, especially in relation to stock value. Read the full article on Seeking Alpha.  Disclosure: No position