Shares of Mobileye Global Inc. (MBLY) surged over 5% in Friday's pre-market trading session, following the company's impressive Q4 2024 earnings results and positive analyst commentary.
In its latest earnings call, Mobileye reported a 9% increase in EyeQ volume for Q4, driven by higher demand from Chinese domestic OEMs. The company's operating margin also improved to 21%, nearly 5 percentage points higher than the previous quarter. Despite revenue and earnings declines, Mobileye maintained a robust operating cash flow of $400 million for 2024, consistent with 2023 levels.
Analysts remain optimistic about Mobileye's prospects, with several firms reiterating Buy or Overweight ratings on the stock. Deutsche Bank raised its price target for MBLY to $17, citing the company's strong technological advancements and potential for future product enhancements. Cowen analysts also maintained their Buy recommendation, highlighting Mobileye's progress in customer engagements and strategic initiatives.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。