Why Mobileye Shares Rocketed More Than 26% Higher in March [Yahoo! Finance]
Mobileye Global Inc. (MBLY)
US:NYSE Investor Relations:
ir.mobileye.com/investor-relations/default.aspx
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Source: Yahoo! Finance
Mobileye was perhaps poised for a rally at the beginning of the month. In early January, the company warned that its first-quarter revenue would decline about 50% sequentially, and eventually recover but still finish the year about 9% down from 2023, according to the midpoint of guidance. Mobileye's stock promptly crashed on that news, and by the time March rolled around, the stock was down roughly 40% on the year. That set up Mobileye for a rally on good news, which it got. Mobileye lands a big fish and confirms revenue will grow in the second quarter At an industry conference in early March, Mobileye management reiterated its first-quarter guidance for EyeQ system sales, and disclosed it had a number of new customer commitments starting in the second quarter. Management also reiterated that unit sales should "at least double" in the second quarter, which was more or less in line with the recovery outlined in January. Later in the month, Mobileye also announced an expanded p
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News
- Geely's EV brand Zeekr plans what could be the biggest U.S. IPO by a Chinese company since 2021 [Fortune]Fortune
- Mobileye Global Inc. (NASDAQ:MBLY) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Mobileye Global Inc. (NASDAQ: MBLY) had its price target lowered by analysts at Citigroup Inc. from $58.00 to $53.00. They now have a "buy" rating on the stock.MarketBeat
- Mobileye Global Inc. (NASDAQ: MBLY) had its price target raised by analysts at Piper Sandler from $31.00 to $32.00. They now have a "neutral" rating on the stock.MarketBeat
- Mobileye Global Inc. (NASDAQ: MBLY) had its price target raised by analysts at Canaccord Genuity Group Inc. from $31.00 to $37.00. They now have a "buy" rating on the stock.MarketBeat
MBLY
Earnings
- 4/25/24 - Beat
MBLY
Sec Filings
- 5/1/24 - Form 4
- 4/26/24 - Form ARS
- 4/26/24 - Form DEFA14A
- MBLY's page on the SEC website