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Analyst Dan Dolev also increased his price target on shares to $31 from $17, suggesting shares could gain 19% from Tuesday's close. It also cut its price target to $24 from $38, implying downside of 16.7%. To be sure, he trimmed his price target to 21 euros from 24 euros. Analyst Joseph Moore named the chipmaker a top pick, reiterating his overweight rating and $144 price target. Nvidia shares have more than doubled this year.

Persons: Morgan Stanley, Nomura, Dan Dolev, Dolev, UPST, Dole, — Hakyung Kim, Samik Chatterjee, Chatterjee, Hakyung Kim, Anindya Das, Das, Joseph Moore, Moore, Fred Imbert Organizations: CNBC, Mizuho, Holdings, underperform, JPMorgan, TAM, Nomura, America, Nvidia Locations: Mizuho, Tuesday's, North America, U.S, Europe

Morgan Stanley raised its price target on Netflix to $700 from $600. 7:13 a.m.: JPMorgan cuts Boeing price target, but says demand should push strong long-term growth Investors shouldn't give up on Boeing as a long-term investment, according to JPMorgan. Analyst Seth Seifman lowered his price target by $20 to $210, implying 21.1% potential upside for shares of the aerospace company. He raised his target price by $14 to $62, which suggests 4.2% potential upside for DocuSign over the next year. The analyst kept his neutral rating on the stock but cut his price target by $16 to $180.

Persons: Morgan Stanley, Seth Seifman, Seifman, — Pia Singh, Evan Seigerman, Seigerman, Karl Keirstead, DocuSign, Keirstead, Itay Michaeli, Michaeli, Tesla, Elon Musk, Benjamin Swinburne, Swinburne, Wolfe, Shreyas Patil, Patil, Fred Imbert Organizations: CNBC, Netflix, Wolfe Research, JPMorgan, Boeing, Novo Nordisk, BMO Capital Markets BMO Capital, pharma, UBS, Adobe, Citi, Citi Research, Tesla, Netflix Netflix, Mobileye Locations: China, Novo, U.S, Netflix's

Systems that let drivers take their eyes off the road and fully autonomous systems are coming in about two years. Shashua talked with The Associated Press about the next steps toward autonomous vehicles. A: When you talk about autonomous vehicles, what immediately comes in mind is Waymo, Cruise, robotaxis. Q: When do you see a lot of fully autonomous vehicles on the roads? The second story of an eyes-off system on highways is already in the works.

Persons: robotaxis, Amnon Shashua, Shashua, It’s, Uber, Mobileye Organizations: DETROIT, —, General Motors, Intel, Systems, Associated Press, Cruise, Volkswagen Locations: Arizona, San Francisco, Israeli, Los Angeles, China, Europe, U.S

☆ Top Wall Street analysts see solid potential in these five stocks
▼ + stars: | 2023-07-23 | by ( Tipranks.Com Staff | ) www.cnbc.com time to read: +5 min

Bachman reiterated a buy rating on Salesforce and raised his price target to $255 from $245. DellPersonal computer makers, including Dell (DELL), have been facing significant headwinds, as the demand for desktops and laptops plunged following a pandemic-driven rush. Ho raised the price target on DELL to $60 from $48 and reiterated a buy rating. In line with his bullish stance, Rakesh increased his price target for RIVN to $30 from $27 and maintained a buy rating. Rakesh raised his price target for MBLY to $48 from $43 and reiterated a buy rating on the stock.

Persons: Mike Blake, Keith Bachman, Salesforce, Bachman, Sidney Ho, Ho, Rivian, Vijay Rakesh, Rakesh, Mobileye, bode Organizations: Reuters, BMO Capital, Service, Dell, Deutsche Bank, Solutions, Gartner, DELL, Mobileye, EV, Geely Automobile, Porsche, Volkswagen Locations: San Diego , U.S, 2H23E, Israel

☆ Volkswagen to launch self-driving vehicles in Texas by 2026
▼ + stars: | 2023-07-06 | by ( Hyunjoo Jin | ) www.reuters.com time to read: +1 min

SAN FRANCISCO, July 6 (Reuters) - Volkswagen (VOWG_p.DE) said on Thursday that it plans to launch autonomous, or self-driving, vehicles for ride hailing and goods delivery services in Austin, Texas by 2026. The company took over nearly 100 people from Argo, as well as its hub in Austin where Argo was testing autonomous vehicles. "The big aim is that we bring fully autonomous vehicles to the market as a commercial, scalable product," said Christian Senger, a Volkswagen board member who oversees development of autonomous driving. Volkswagen joins GM's Cruise and Alphabet's Waymo in testing autonomous vehicles in Austin, Texas, known for the least restrictive regulations on self-driving cars. But Tesla, Cruise and Waymo and other firms have missed their targets to launch self-driving cars and their vehicles have had difficulty in handling rare and unforeseen driving situations.

Persons: Argo, Christian Senger, Cruise, We're, Katrin Lohmann, Hyunjoo Jin, Rashmi Organizations: FRANCISCO, Mobileye, Volkswagen, Argo, Volkswagen ADMT, Companies, Thomson Locations: Austin , Texas, Austin

☆ Stocks making the biggest premarket moves: Mobileye, EPAM Systems, Thor Industries, Apple and more
▼ + stars: | 2023-06-06 | by ( Michelle Fox | ) www.cnbc.com time to read: +3 min

Check out the companies making the biggest moves in premarket trading. EPAM Systems — The software firm fell 2.9% a day after the company posted second-quarter earnings and revenue guidance that was below analysts' expectations. Thor Industries — Shares surged nearly 10% after the recreational vehicle manufacturer reported an earnings and revenue beat. Smucker — The food products stock gained 1% in premarket trading after J.M. Apple — The iPhone maker dipped less than 1% in premarket trading a day after releasing its Vision Pro mixed-reality headset.

Persons: Amnon Shashua, Patrick Gelsinger, Mobileye, Coinbase, Thor, McCormick, Gitlab, GitLab, Refinitiv, Ferguson —, Ferguson, Smucker, Davidson, Jesse Pound Organizations: Intel, Nasdaq, U.S . Securities, Exchange, SEC, Binance, Systems, Thor Industries, Bank of America, Revenue, Apple, Street, D.A Locations: New York, underperform

☆ Here are Cowen's top chip picks for an EV and autonomous-auto future
▼ + stars: | 2023-05-23 | by ( Michelle Fox | ) www.cnbc.com time to read: +4 min

That's because the vehicle platform redesigns need to come through semiconductor innovations in processing and power-management technologies, analyst Joshua Buchalter wrote in a report on Monday. "We believe these powerful secular content themes are underappreciated amidst appropriate cyclical concerns and pushback on EV attach rate projections," he added. In fact, companies indexed to these trends can outgrow the broader market and should be on investors' radar today, Buchalter said. TD Cowen's proprietary model forecasts the total automotive semis market growing at a 9% compound annual growth rate from 2023 to 2030 — doubling to about $121 billion. The company has already amassed a $30 billion auto revenue pipeline, spread across the digital cockpit, connectivity and ADAS, he pointed out.

Persons: TD Cowen, That's, Joshua Buchalter, Buchalter, Mobileye, Matthew Ramsay, Ramsay, — CNBC's Michael Bloom Organizations: Microsystems, Mobileye's, Nvidia, Qualcomm Locations: ADAS

☆ Porsche, VW Commercial Vehicles partner with Mobileye on automated driving software
▼ + stars: | 2023-05-09 | by ( ) www.reuters.com time to read: +1 min

BERLIN, May 9 (Reuters) - Porsche (P911_p.DE) will incorporate automated assistance and navigation functions from Mobileye's (MBLY.O) so-called "SuperVision" technology platform in future models, Mobileye said on Tuesday. The agreement is the technology provider's second large signing for the platform with a major automotive group after China's Geely (GEELY.UL). Volkswagen Commercial Vehicles, which was previously going to use technology from Pittsburgh-based self-driving startup, Argo AI for self-driving shuttles and vans, will also partner with Mobileye, a spokesperson said. Volkswagen pulled out of its planned investment in Argo AI last October and said at the time its commercial vehicles unit would seek a new partnership. Together with Mobileye, the unit will seek to implement so-called "Level 4" autonomous driving - considered fully autonomous, though humans can still request control - in its ID.

☆ Porsche to incorporate Mobileye automated driving and navigation software
▼ + stars: | 2023-05-09 | by ( ) www.reuters.com time to read: +1 min

BERLIN, May 9 (Reuters) - Porsche (P911_p.DE) will incorporate automated assistance and navigation functions from Mobileye's (MBLY.O) so-called "SuperVision" technology platform in future models, Mobileye said on Tuesday. The agreement is the technology provider's second large signing for the platform with a large automotive group after China's Geely [RIC:RIC:GEELY.UL]. Volkswagen (VOWG_p.DE) has been planning to expand its cooperation with Mobileye since late last year when it decided to stop investing in self-driving start-up Argo AI, Reuters reported at the time. The Israel-based firm, which went public last October, already cooperates with Volkswagen's software unit Cariad. Reporting by Victoria Waldersee and Jan Schwartz, Editing by Rachel MoreOur Standards: The Thomson Reuters Trust Principles.

☆ Berenberg names stocks to play A.I. transformation in the auto industry - including one expected to double
▼ + stars: | 2023-05-04 | by ( Samantha Subin | ) www.cnbc.com time to read: +3 min

He said the auto industry is in the midst of a transformation that "parallels the evolution of consumer electronics from 1985 to 2010," noting both companies are poised to benefit from innovation propelled by AI and the growth of driving automation systems. Despite a crowded market, Maymon expects both names to "cut through the noise." When combined with Nvidia and Qualcomm, he forecasts all four names will account for at least 90% of the more than $30 billion Tier 2 silicon and software market for driving automation by 2030. Of the group, he views Mobileye as the "best pure-play" silicon and AI algorithm supplier and a driving automation systems "pioneer." MBLY YTD mountain Mobileye shares in 2023 Mobileye shares fell last month after the company slashed its guidance and said it now expects a wider-than-expected operating loss.

☆ Mobileye shares plunge after self-driving tech company cuts guidance amid Tesla's EV price war
▼ + stars: | 2023-04-27 | by ( John Rosevear | In Jrosevear | ) www.cnbc.com time to read: +2 min

Mobileye signage during the company's IPO at the Nasdaq MarketSite in New York, US, on Wednesday, Oct. 26, 2022. Shares of Mobileye, Intel 's self-driving subsidiary, were trading sharply lower on Thursday after the company cut its full-year forecast, citing weakness in China's electric vehicle market. In January, the company guided to revenue between $2.192 billion and $2.282 billion and an operating loss between $110 million and $160 million. China's EV market has been roiled by Tesla 's recent aggressive price cuts and a reduction in government incentives for EV buyers. Mobileye counts Chinese EV makers Nio and Zeekr, a unit of Chinese automaker Geely, among its customers.

☆ Intel shares drop on weak quarterly results and expectations for another quarter of losses
▼ + stars: | 2023-01-26 | by ( Jordan Novet | ) www.cnbc.com time to read: +4 min

Here's how the company did:Earnings: 10 cents per share, adjusted, vs. 20 cents per share as expected by analysts, according to Refinitiv. 10 cents per share, adjusted, vs. 20 cents per share as expected by analysts, according to Refinitiv. Revenue: $14.04 billion, vs. $14.45 billion as expected by analysts, according to Refinitiv. Intel's revenue declined 32% year over year in the quarter that ended Dec. 31, according to a statement. Intel called for adjusted net loss of 15 cents per share on $10.5 billion to $11.5 billion in revenue.

☆ Stocks making the biggest moves midday: Microsoft, Moderna, Mobileye, Chegg and more
▼ + stars: | 2023-01-18 | by ( Sarah Min | ) www.cnbc.com time to read: +3 min

The company reported fourth-quarter results fell short of analysts' expectations on both top and bottom lines, according to StreetAccount. Chegg — Shares fell 15% after Needham downgraded Chegg to hold from buy, saying the online education company will have trouble reaching consensus for full-year revenue growth in Chegg Services, according to StreetAccount. Mobileye — Shares of the assisted driving company gained 8% after Deutsche Bank initiated coverage of the stock as a buy. Oatly Group — Shares of Oatly Group fell nearly 2%, losing steam after Mizuho upgraded the stock to buy from neutral. Hancock Whitney — Shares fell more than 4% after the bank reported earnings that came mostly in line with expectations, but net interest income came in below expectations, according to StreetAccount.

☆ Deutsche Bank predicts this autonomous driving play is headed for a 'considerable revenue and earnings acceleration'
▼ + stars: | 2023-01-18 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Mobileye has the potential to further elevate its reputation in the autonomous and assisted-driving world, according to Deutsche Bank. Further, customer reception is gaining momentum, he said, as six carmakers have already signed up for one of its hands-off driving products called SuperVision. MBLY 1D mountain Mobileye stock Rosner expects Mobileye's revenue to hit nearly $6 billion by 2026 and exceed $18 billion by 2030 — up from the $1.8 billion revenue seen in 2022. Per-share earnings should grow similarly from 72 cents in 2022 to $2.40 by 2026 and nearly $8 in 2030. He also said there's also the potential for the company to secure relationships with large automakers such as Ford , Porsche and Audi.

☆ After a very quiet 2022, these are the five tech startups that could go public in 2023, according to bankers and tech market experts
▼ + stars: | 2023-01-03 | by ( Stephanie Palazzolo | Ben Bergman | ) www.businessinsider.com time to read: +4 min

In a bleak market, some startups are turning to sellsides or letting go of IPO lawyers. Many companies that were looking to go public are now pausing IPO efforts due to falling public and private valuations, according to five investors, bankers, and tech market experts Insider spoke with. This year hasn't been a total wash for the tech IPO market. Some expected Mobileye's IPO to open the public market floodgates. Here are five companies that could end the 2022 IPO winter, according to people close to the tech markets who spoke with Insider.

☆ A self-driving car developer who tweeted support for the 'extremely hardcore' culture at Twitter got a 12-week internship after saying he wants to improve its search quality
▼ + stars: | 2022-11-22 | by ( Britney Nguyen | ) www.businessinsider.com time to read: +4 min

A self-driving car developer and hacker tweeted that he's doing a 12 week internship at Twitter. Hotz replied with, "Cool, my phone number hasn't changed," and added that he's "not the guy" if Musk wants "long term stability." Before offering to do the internship, Hotz asked how people on Twitter feel about "the quality of Twitter search," and what it would take for people to ditch Google for searching on Twitter. Hotz replied that it was "true" and that he "Will look into if there's some easy way to improve this." Musk and Hotz also have a history, as outlined in a 2015 Bloomberg feature about Hotz developing self-driving car technology.

☆ Intel's Mobileye unit valued at $22 bln as shares cruise higher
▼ + stars: | 2022-10-26 | by ( ) www.reuters.com time to read: +3 min

The debut comes after a turbulent period when Mobileye settled for merely a third of the $50 billion valuation it was targeting earlier in its IPO. But there was a lot of value in gaining that public company platform now,” said Dan Galves, chief communications officer at Mobileye. Galves added it is important for Mobileye to generate product visibility now as that filters back to customers. Before being acquired by chipmaker Intel in a $15.3 billion deal in 2017, Mobileye had been listed on the New York Stock Exchange since 2014. Mobileye develops autonomous driving technologies and competes with Alphabet Inc's (GOOGL.O) Waymo, General Motors Co's (GM.N) Cruise and other automakers who have moved to design in-house driving assistance technology.

☆ Intel's Mobileye unit set for strong market debut
▼ + stars: | 2022-10-26 | by ( ) www.reuters.com time to read: +1 min

REUTERS/Shannon StapletonOct 26 (Reuters) - Shares of Mobileye Global Inc (MBLY.O) were set to open 20% higher on Wednesday, potentially valuing the self-driving technology unit of Intel Corp (INTC.O) at nearly $20 billion after the IPO was priced above the anticipated range. At 10:31 a.m. Eastern Time, the shares were indicated to open at $25.05, up from the initial public offering price of $21 per share. Mobileye's strong reception may buck the trend of recent market debuts where investors have given the cold shoulder to newly-listed companies. On Tuesday, Mobileye was valued at $16.7 billion after selling shares above the marketed range of $18 to $20, to raise $861 million. Reporting by Niket Nishant in Bengaluru; Editing by Sriraj KalluvilaOur Standards: The Thomson Reuters Trust Principles.

☆ Intel unit Mobileye prices IPO above range to raise $861 mln
▼ + stars: | 2022-10-26 | by ( Echo Wang | ) www.reuters.com time to read: +2 min

Mobileye said in a press release it has priced 41 million shares at $21 per share. The IPO values Mobileye at $16.7 billion, a far cry from the $50 billion valuation that Intel was initially hoping to achieve. FROZEN MARKETSHundreds of companies have postponed IPO plans this year due to volatility in capital markets. read moreIntel will retain a large stake, including all the Class B shares Mobileye plans to issue, according to a filing with the U.S. Securities and Exchange Commission. Mobileye first went public in 2014 at a roughly $5 billion valuation, before Intel acquired it for $15.3 billion in 2017.

☆ Mobileye pops more than 30% in market debut after spinning out of Intel
▼ + stars: | 2022-10-26 | by ( Ashley Capoot | ) www.cnbc.com time to read: +3 min

Mobileye shares popped more than 30% in their stock market debut on Wednesday after the maker of technology for self-driving cars was spun out of Intel . In a year that's seen no significant tech IPOs in the U.S., Mobileye offers investors an opportunity to get in on area of growth. At its IPO price of $21, Mobileye was valued at just $17 billion, resulting in minimal gains for Intel thus far. Intel will retain control of Mobileye and hold over 750 million shares of Class B stock, which has 10 times the voting power of Class A stock. Intel shares were down slightly on Wednesday and have lost about 47% of their value this year, while the Nasdaq is down 29%.

☆ Jim Cramer says to wait before pulling the trigger on Mobileye
▼ + stars: | 2022-10-26 | by ( Krystal Hur | ) www.cnbc.com time to read: +1 min

CNBC's Jim Cramer on Wednesday advised investors not to buy shares of Mobileye just yet. Shares of the self-driving car technology company jumped over 37% on Wednesday, its first day on the stock market after being spun out of Intel . The company will retain control of Mobileye, which traded publicly before Intel bought the firm in 2017. Fifty firms currently use Mobileye's technology across 800 vehicle models, according to the company's IPO filing. "In short, Mobileye's a real company with real products and, at the moment, tremendous demand for those products," Cramer said.

☆ Intel's Mobileye unit valued at $21 bln as shares cruise higher in debut
▼ + stars: | 2022-10-26 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Shannon StapletonOct 26 (Reuters) - Shares of Mobileye Global Inc (MBLY.O) opened 27% higher on Wednesday, valuing the self-driving technology unit of Intel Corp (INTC.O) at $21.3 billion as investors lapped up what could be the last big IPO of 2022. It also underscores Mobileye's strong financials, analysts said, which attracted investors who have turned selective amid mounting economic challenges. "Investors now place greater focus on companies' free cash flows, revenues/profitability or path-to-profitability, over just growth projections," said Paul Go, global IPO leader at EY. Before being acquired by chipmaker Intel in a $15.3 billion deal in 2017, Mobileye had been listed on the New York Stock Exchange since 2014. On Tuesday, Mobileye was valued at $16.7 billion after selling shares above the marketed range of $18 to $20, to raise $861 million.

☆ Intel unit Mobileye prices IPO above range to raise $861 mln -source
▼ + stars: | 2022-10-25 | by ( Echo Wang | ) www.reuters.com time to read: +3 min

Mobileye priced 41 million shares at $21 per share, the source said, requesting anonymity ahead of an official announcement. The IPO values Mobileye at $16.7 billion, a far cry from the $50 billion valuation that Intel was initially hoping to achieve. FROZEN MARKETSHundreds of companies have postponed IPO plans this year due to volatility in capital markets. read moreIntel will retain a large stake, including all the Class B shares Mobileye plans to issue, according to a filing with the U.S. Securities and Exchange Commission. Mobileye first went public in 2014 at a roughly $5 billion valuation, before Intel acquired it for $15.3 billion in 2017.

Reuters, citing sources, had reported in April that the stock market flotation could value Mobileye at as much as $50 billion. "Most companies don't have the grit needed to blaze a trail with all this public market volatility." IPOs by U.S. technology companies have sunk to their lowest levels since the global financial crisis of 2008, as several companies have shelved plans for their listings in the country. read moreTech IPOs this year have raised $507 million, according to Refinitiv data, the lowest amount that has been raised through flotation since 2000. Goldman Sachs, Morgan Stanley, Citigroup and BofA Securities are among underwriters of Mobileye's offering.

☆ Mobileye targets up to $16 bln valuation in U.S. IPO
▼ + stars: | 2022-10-18 | by ( ) www.reuters.com time to read: +1 min

Oct 18 (Reuters) - Mobileye, Intel's (INTC.O) self-driving car unit, targets a valuation of nearly $16 billion in its initial public offering in the United States, a regulatory filing on Tuesday showed. Mobileye's initial public offering follows Porsche's (P911_p.DE) blockbuster debut in Europe and could be an early sign of improving investor sentiment. Register now for FREE unlimited access to Reuters.com RegisterMobileye confidentially filed for its IPO earlier this year and was targeting a $50 billion valuation before the rout in tech compelled many high-flying companies to stomach haircuts in valuation. Goldman Sachs, Morgan Stanley, Citigroup and BofA Securities are among underwriters of the offering. Register now for FREE unlimited access to Reuters.com RegisterReporting by Mehnaz Yasmin and Manya Saini in Bengaluru; Editing by Maju SamuelOur Standards: The Thomson Reuters Trust Principles.

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