Opinions
Jim Cramer - Mad Money
Mobileye Global
MBLY-Q
BUY ON WEAKNESS
Oct 26, 2022
It was price at $21 at IPO above the expected $18-20.
Stil not profitable; $67 million loss, but carry little debt. he likes their growth, albeit inconsistent. But he's worried that the company doesn't fit the market which is unfahionable towards tech. If you think the FEd will keep raising rates, don't buy this. Or you can wait. Another caveat: Intel still own ??% of this, so if they sell it, watch out. Wait below $24 to buy, when it will trade at 20x earnings.
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Stock price when the opinion was issued
Automotive
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