Mobileye(NASDAQ: MBLY) recently reported guidance that fell short of investor expectations because of a weak Chinese auto market. But don't lose sight of the company's long-term growth potential. Management said bidding is underway for contract wins that could increase both volumes and the sale price per unit. Travis Hoium covers the developments in this video.
*Stock prices used were end-of-day prices of Aug. 6, 2024. The video was published on Aug. 6, 2024.
Should you invest $1,000 in Mobileye Global right now?
Before you buy stock in Mobileye Global, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Mobileye Global wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Consider when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $638,800!*
Stock Advisor provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month. TheStock Advisorservice has more than quadrupled the return of S&P 500 since 2002*.
*Stock Advisor returns as of August 6, 2024
Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool's board of directors. Travis Hoium has positions in Alphabet and Mobileye Global. The Motley Fool has positions in and recommends Alphabet and Tesla. The Motley Fool recommends Mobileye Global. The Motley Fool has a disclosure policy. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.
