Mobileye Global (NASDAQ:MBLY) Shares Gap Up on Analyst Upgrade

Mobileye Global Inc. (NASDAQ:MBLY) shares gapped up prior to trading on Monday after Mizuho raised their price target on the stock from $13.00 to $15.00. The stock had previously closed at $14.99, but opened at $16.18. Mizuho currently has a neutral rating on the stock. Mobileye Global shares last traded at $16.09, with a volume of 3,095,087 shares traded.

Several other equities research analysts have also recently weighed in on MBLY. TD Cowen increased their price objective on Mobileye Global from $15.00 to $19.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Wolfe Research lowered shares of Mobileye Global from an “outperform” rating to a “peer perform” rating in a research report on Thursday, September 5th. Canaccord Genuity Group cut their price objective on shares of Mobileye Global from $27.00 to $25.00 and set a “buy” rating for the company in a research report on Friday, November 1st. BNP Paribas lowered Mobileye Global from a “neutral” rating to an “underperform” rating and set a $12.00 price target on the stock. in a research note on Wednesday, October 2nd. Finally, Loop Capital initiated coverage on Mobileye Global in a research report on Tuesday, November 12th. They issued a “buy” rating and a $20.00 price objective for the company. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Mobileye Global currently has an average rating of “Hold” and an average price target of $23.14.

Institutional Investors Weigh In On Mobileye Global

A number of institutional investors and hedge funds have recently made changes to their positions in MBLY. Mitsubishi UFJ Trust & Banking Corp acquired a new position in shares of Mobileye Global in the 1st quarter valued at $1,294,000. BCGM Wealth Management LLC boosted its holdings in Mobileye Global by 178.0% during the third quarter. BCGM Wealth Management LLC now owns 190,595 shares of the company’s stock worth $2,611,000 after buying an additional 122,031 shares during the last quarter. Raymond James & Associates increased its stake in shares of Mobileye Global by 258.7% in the 2nd quarter. Raymond James & Associates now owns 336,417 shares of the company’s stock valued at $9,448,000 after acquiring an additional 242,640 shares during the last quarter. AXA S.A. increased its stake in shares of Mobileye Global by 35.6% in the 2nd quarter. AXA S.A. now owns 518,076 shares of the company’s stock valued at $14,550,000 after acquiring an additional 135,967 shares during the last quarter. Finally, M&G Plc raised its position in shares of Mobileye Global by 8.9% in the 2nd quarter. M&G Plc now owns 1,350,945 shares of the company’s stock valued at $37,826,000 after acquiring an additional 110,032 shares during the period. Institutional investors own 13.25% of the company’s stock.

Mobileye Global Trading Up 12.2 %

The firm has a market cap of $13.64 billion, a P/E ratio of -4.61 and a beta of 0.07. The firm’s 50 day moving average is $13.37 and its two-hundred day moving average is $19.62.

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.