Mobileye Global today
As of 4:00 pm ET
- 52 week range
- $10.48
▼
$34.00
- Target price
- $24.00
Mobile NASDAQ: MBLI Short interest remains high and the stock is poised for a short squeeze. A short interest rate of 20% is high enough to generate significant price upside potential; all it will take is good news, and there is reason to believe it will arrive in 2025.
Auto sales growth is sluggish, but progress in technology is not. OEMs are introducing more driver assistance systems and autonomous features every quarter, and Mobileye’s platform is well positioned. Its EyeQ camera system is easily adaptable to different vehicle types and offers numerous benefits to OEMs.
Mobileye analysts are enthusiastic about long-term opportunities
Mobileye analysts’ bullish trends include increased coverage and price targets for the second half of 2024, which call for double-digit gains in the stock in 2025. The latest review includes Oppenheimer’s lead at Outperform with a $28 price target. The target is more than 50% higher than mid-January market activity and is at a six-month or greater high. Oppenheimer believes Mobileye is key to ensuring OEMs gain additional value from AV/AI capabilities as technology advances. Eventually it will be replaced by a full-fledged AV; Until then, it has the opportunity to capture market share and deepen product penetration into the automobile.
Mobileye Global Stock Forecast Today
$23.20
Growth potential 36.47%Hold
Based on ratings from 25 analysts
| High forecast | $53.00 |
|---|---|
| Average forecast | $23.20 |
| Low forecast | US$10.00 |
Mobileye global stock forecast details
Mobileye’s business is likely to decline in the fourth quarter of 2024, but is expected to return to growth in 2025. Revenue growth of 15% or more and higher profitability are forecast. Revenue growth is expected to accelerate over the next four years, topping nearly 45% annually in 2028. 30% range for the next few years after that. Valuation is a bit of a concern going into 2025 as the stock trades at about 60 times earnings estimates, but it has value for long-term holders. Trading at $16, that’s about 5 times its 2030 earnings forecast, but that forecast is likely too low.
Institutional interest remains low at less than 15% of shares, but trends are positive. Analysts have been buying on the balance sheet every quarter since the IPO, with dollar buying outpacing selling by nearly $4 to $1. Buyers in the fourth quarter included numerous smaller public and private wealth managers, as well as large fund managers such as Loomis Sales & Co. and Charles Schwab. Charles Schwab, in particular, increased its position by $20 million, or almost 170%.
Mobileye Chauffeur will provide long-lasting results
The long-term opportunity for Mobileye and its investors is fully autonomous driving enabled by the Chauffeur platform. Chauffeur is a full-featured operating system and hardware product expected to launch commercially in 2026. The system is designed to be easy to deploy; it can be scaled and customized within the parameters for an unforgettable driving experience. Among the critical features is geofencing, or the lack thereof.
Geosensing is when devices such as autonomous vehicles are locked within a geographic boundary defined by their digital range. Chauffeur is built on Mobileye’s proprietary REM or Road Experience Management platform. REM is a constantly updated, crowdsourced map of the world designed exclusively for AV equipment. This allows AV systems to be quickly deployed around the world.
Technical forecast: Mobileye breaks bottom
Mobileye’s price action is volatile, but shows that the bottom is in play. The bottom was reached in 2024, with support being tested again in early 2025. Support is likely strong at current levels due to increased volume. Volume has been growing steadily since mid-2024 and indicates a strengthening market. The critical support level is near $14 and may be reached before February. A move below this level could take the market to a new low, which is unexpected. A more likely scenario is that sideways movement within the range will continue until there is evidence of movement in the results.
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