Mobileye Lowered Revenue Outlook But These Analysts Are Still Bullish - Here's Why
Portfolio Pulse from Anusuya Lahiri
Mobileye Global Inc (MBLY) has slightly lowered its CY23 revenue forecast due to SuperVision (SV) shipments tracking towards the low end of guidance. However, analysts from Needham and Raymond James remain bullish, citing progress with higher average selling price (ASP) programs, potential design wins, and strong business development. Ford Motor Co's (F) BlueCruise may contribute 500k units to Cloud-Enhanced (CE) ADAS in CY24. MBLY shares traded lower by 3.92% at $34.99 on the last check Friday.
October 27, 2023 | 7:29 pm
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NEUTRAL IMPACT
Mobileye's lowered CY23 revenue forecast may have short-term negative impact on its stock. However, analysts' bullish outlook, potential design wins, and progress with ASP programs could provide a positive long-term outlook.
Mobileye's lowered revenue forecast could negatively impact its stock in the short term. However, the company's progress with higher ASP programs and potential design wins, as well as analysts' bullish outlook, could provide a positive long-term outlook.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Ford's BlueCruise may contribute 500k units to Mobileye's Cloud-Enhanced (CE) ADAS in CY24, which could have a positive impact on Ford's stock.
Ford's contribution to Mobileye's CE ADAS units could have a positive impact on Ford's stock, as it shows the company's involvement in advanced technology and partnerships.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 50