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Investors may want to keep an eye on Mobileye (MBLY).

Especially on recent weakness.

For one, as noted by CNBC, “Founded in 1999, Mobileye has partnered with Audi, BMW, Volkswagen, GM, and Ford to develop advanced driving and safety features such as driver assist and lane-keeping using the company’s ‘EyeQ’ camera, chips, and software.”

In fact, consider this.

The advanced driver assist market could be worth about $74.57 billion by 2030, from $20.73 billion right now, according to Research and Markets. They note, “Increasing demand of ADAS is mainly due to the rising demand for safety and driving comfort features along with upsurge in demand for luxury vehicles. Also, increased adoption of integrated radar and camera systems for ADAS application drives the growth of the ADAS market.”

Two, earnings are strong.

In its third quarter, the company’s revenue was up 38% year over year to $450 million. Gross Margin increased by 130 basis points in the third quarter 2022 as compared to the prior year period. Even better, the company sees Q4 revenue in a range of $527 million to $545 million, which is above expectations for $483.72 million.

“Our excellent third quarter performance is an early indication of the success of our strategy. Our established base ADAS products continue to generate strong growth and profitability while our advanced portfolio is beginning to contribute significantly, particularly by boosting average system price. Initial market success of products such as SuperVisionTM is also driving increased business traction,” said President and CEO Prof. Amnon Shashua.

Three, analysts seem to love the MBLY stock.

Mizuho for example just raised its price target on MBLY to $40 from $35, with a buy rating. Baird recently raised its target to $39 from $36. And Tigress Financial initiated a buy rating.

Four, recent weakness may be an opportunity for MBLY.