Robert W. Baird Raises Mobileye Global (NASDAQ:MBLY) Price Target to $18.00

Mobileye Global (NASDAQ:MBLY) had its target price hoisted by Robert W. Baird from $17.00 to $18.00 in a report published on Friday morning, Benzinga reports. The firm currently has an outperform rating on the stock.

Other equities research analysts also recently issued research reports about the company. Morgan Stanley upgraded Mobileye Global from an “underweight” rating to an “equal weight” rating and cut their target price for the company from $25.00 to $18.00 in a research note on Friday, August 2nd. UBS Group downgraded shares of Mobileye Global from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $20.00 to $14.00 in a research report on Friday, October 4th. BNP Paribas lowered shares of Mobileye Global from a “neutral” rating to an “underperform” rating and set a $12.00 price objective for the company. in a research note on Wednesday, October 2nd. Daiwa America downgraded shares of Mobileye Global from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 5th. Finally, Needham & Company LLC reduced their price target on Mobileye Global from $36.00 to $25.00 and set a “buy” rating on the stock in a research report on Friday, August 2nd. Four equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Mobileye Global has an average rating of “Hold” and a consensus target price of $23.20.

Mobileye Global Stock Down 6.4 %

MBLY opened at $14.57 on Friday. The stock’s fifty day moving average is $12.77 and its two-hundred day moving average is $20.69. The company has a market capitalization of $11.79 billion, a P/E ratio of -3.99 and a beta of 0.07. Mobileye Global has a 52 week low of $10.48 and a 52 week high of $44.48.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Advisors Asset Management Inc. boosted its stake in shares of Mobileye Global by 9.9% in the 1st quarter. Advisors Asset Management Inc. now owns 8,608 shares of the company’s stock valued at $277,000 after buying an additional 774 shares during the period. B. Riley Wealth Advisors Inc. lifted its stake in Mobileye Global by 24.7% in the first quarter. B. Riley Wealth Advisors Inc. now owns 6,299 shares of the company’s stock worth $203,000 after acquiring an additional 1,248 shares during the last quarter. Guinness Atkinson Asset Management Inc lifted its stake in Mobileye Global by 16.9% in the third quarter. Guinness Atkinson Asset Management Inc now owns 8,700 shares of the company’s stock worth $119,000 after acquiring an additional 1,257 shares during the last quarter. Levin Capital Strategies L.P. increased its position in shares of Mobileye Global by 11.1% in the 2nd quarter. Levin Capital Strategies L.P. now owns 14,441 shares of the company’s stock valued at $406,000 after purchasing an additional 1,441 shares during the last quarter. Finally, Lipe & Dalton raised its holdings in shares of Mobileye Global by 53.6% in the 1st quarter. Lipe & Dalton now owns 4,300 shares of the company’s stock valued at $138,000 after purchasing an additional 1,500 shares in the last quarter. 13.25% of the stock is owned by institutional investors and hedge funds.

Mobileye Global Company Profile

Mobileye Global Inc develops and deploys advanced driver assistance systems (ADAS) and autonomous driving technologies and solutions worldwide. The company operates through Mobileye and Other segments. It offers Driver Assist comprising ADAS and autonomous vehicle solutions that covers safety features, such as real-time detection of road users, geometry, semantics, and markings to provide safety alerts and emergency interventions; Cloud-Enhanced Driver Assist, a solution for drivers with interpretations of a scene in real-time; Mobileye SuperVision Lite, a navigation and assisted driving solution; and Mobileye SuperVision, an operational point-to-point assisted driving navigation solution on various road types and includes cloud-based enhancements, such as road experience management.