Bearish on Mobileye
Mobileye’s stock is climbing as the Jerusalem-based car automation company gave a revenue projection out to 2019 of $1.1 billion, compared with $241 million in 2015. Nonetheless one guy thinks “Mobileye is priced now as if they own autonomous driving forever and it’s going to become a feature that will generate 40% gross margins – something unheard of in the semiconductor or software industry”. Bottom Line: the word on the street is the stock should trade at $11 a share.
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