S&P 500 Futures Drop in Premarket Trading; Carvana, Confluent Lead
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 31 2024
0mins
Source: Barron's
Market Performance: Carvana Co. and Confluent Inc. saw significant pre-market gains of 19.7% and 13.7%, respectively, while Estee Lauder and Aurora Innovation experienced declines of 17.4% and 14.6%. Overall, S&P 500 futures were down 0.70%.
Commodities and Global Markets: Brent crude oil futures rose by 0.57%, gold futures fell by 0.37%, and Bitcoin increased by 0.70%. Asian markets showed mixed results, with Japan's NIKKEI 225 down 0.50% and China's Shanghai Composite up 0.42%.
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Analyst Views on MBLY
Wall Street analysts forecast MBLY stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for MBLY is 17.59 USD with a low forecast of 12.00 USD and a high forecast of 30.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
18 Analyst Rating
9 Buy
9 Hold
0 Sell
Moderate Buy
Current: 9.510
Low
12.00
Averages
17.59
High
30.00
Current: 9.510
Low
12.00
Averages
17.59
High
30.00
About MBLY
Mobileye Global Inc is an Israel-based company that is primarily actives in field of development and deployment of advanced driver-assistance systems (ADAS) and self-driving system (AV). Company's portfolio Mobileye’s of solutions is built upon a purpose-built software and hardware technologies designed to provide the capabilities to make advanced driver-assistance systems and autonomous driving a reality. These technologies are dedicated to deliver capabilities of advancing the safety of road users, and improving the driving experience and the movement of people and goods globally. The Company's offerings include Driver Assist, Cloud-Enhanced Driver Assist, Mobileye SuperVision Lite, Mobileye Chauffeur, and Mobileye Drive. Mobileye Global Inc operates globally.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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