Key Highlights:
- Mobileye (MBLY, Financial) reports a remarkable 83% revenue growth in Q1, exceeding expectations.
- Stock surges 4% in premarket trading following strong results.
- Analyst projections suggest significant upside potential with an average target price of $19.21.
Mobileye (MBLY) shares surged by 4% in premarket trading after delivering outstanding first-quarter results. The autonomous driving technology company, a subsidiary of Intel, saw its revenue soar by an impressive 83% year-over-year, reaching $438 million and surpassing market expectations. Looking ahead, Mobileye reaffirmed its 2025 sales outlook, projecting revenues between $1.69 billion and $1.81 billion.
Wall Street Analysts Forecast
According to insights from 26 Wall Street analysts, the average one-year price target for Mobileye Global Inc (MBLY, Financial) is $19.21. This suggests a potential upside of 45.77% from the current trading price of $13.18. Analysts' projections range from a high of $33.00 to a low of $14.00, highlighting the bullish sentiment surrounding the stock. For further detailed estimates, explore the Mobileye Global Inc (MBLY) Forecast page.
The consensus among 28 brokerage firms positions Mobileye Global Inc’s (MBLY, Financial) average recommendation at 2.4, categorizing it as "Outperform." This rating operates on a scale from 1 to 5, where 1 represents a Strong Buy and 5 signals a Sell.
