Mobileye shares crash 20% as autonomous driving company cuts 2024 outlook
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Morgan Stanley Upgrades Mobileye N.V (MBLY) to Equalweight
August 2, 2024 6:08 AM EDTMorgan Stanley analyst Adam Jonas upgraded Mobileye N.V (NASDAQ: MBLY) from Underweight to Equalweight with a price target of $18.00 (from $25.00).
The analyst comments "Three Key Drivers of our Upgrade to Equal-Weight: 1. Consensus has been reset. After a series of profit warnings, consensus expectations for FY24 and FY25 should fall significantly. We believe that upon this earnings release, SuperVision expectations will now be sufficiently revised downward. We believe this... More
Mobileye (MBLY) Tops Q2 EPS by 1c ; Offers Guidance
August 1, 2024 6:38 AM EDTMobileye (NASDAQ: MBLY) reported Q2 EPS of $0.09, $0.01 better than the analyst estimate of $0.08. Revenue for the quarter came in at $439 million versus the consensus estimate of $438.08 million.
GUIDANCE:
Mobileye sees FY2024 revenue of $1.6-1.68 billion, versus the consensus of $1.87... More
