Mobileye Investment Growth Analysis: Factors Driving Stock Rally and Pulled Back
What does Mobileye do?
Mobileye controls nearly 70% of the advanced driver assistance system (ADAS) market by using its own computer vision chips. The company's latest SuperVision platform bridges the gap between semi-autonomous and fully autonomous vehicles.
How fast is Mobileye growing?
Mobileye's revenue and earnings growth have been uneven due to industry disruptions but is expected to expand significantly in the future.
- Revenue Growth: 10%, 43%, 35%, 11% in 2020-2023
- Adjusted Net Income Growth: 467%, 64%, 28%, 9% in 2020-2023
Where will its stock head over the next decade?
Mobileye expects to overcome short-term challenges and maintain long-term growth due to the expanding ADAS market. Stock could triple by 2034 with a compound annual growth rate of 12.7%.
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