Mobileye Global (NASDAQ:MBLY) Price Target Raised to $17.00

Mobileye Global (NASDAQ:MBLY) had its price objective raised by Mizuho from $15.00 to $17.00 in a research note published on Tuesday morning,Benzinga reports. The brokerage currently has a neutral rating on the stock.

Several other equities analysts have also recently commented on the stock. The Goldman Sachs Group lowered their target price on shares of Mobileye Global from $24.00 to $20.00 and set a “buy” rating on the stock in a research note on Tuesday, October 1st. BNP Paribas cut Mobileye Global from a “neutral” rating to an “underperform” rating and set a $12.00 target price on the stock. in a report on Wednesday, October 2nd. Loop Capital initiated coverage on Mobileye Global in a research note on Tuesday, November 12th. They set a “buy” rating and a $20.00 price target for the company. Canaccord Genuity Group dropped their price objective on Mobileye Global from $27.00 to $25.00 and set a “buy” rating on the stock in a research note on Friday, November 1st. Finally, Evercore ISI decreased their target price on Mobileye Global from $35.00 to $30.00 and set an “outperform” rating for the company in a research note on Monday, October 14th. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $23.24.

Mobileye Global Stock Performance

Shares of MBLY stock opened at $17.72 on Tuesday. Mobileye Global has a 1 year low of $10.48 and a 1 year high of $44.48. The firm has a market capitalization of $14.37 billion, a PE ratio of -4.85 and a beta of 0.43. The stock has a fifty day moving average of $15.22 and a two-hundred day moving average of $18.40.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Envestnet Portfolio Solutions Inc. grew its stake in Mobileye Global by 59.3% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 107,207 shares of the company’s stock valued at $3,011,000 after acquiring an additional 39,918 shares in the last quarter. Coronation Fund Managers Ltd. acquired a new position in Mobileye Global in the 2nd quarter valued at approximately $4,567,000. Intellectus Partners LLC lifted its position in Mobileye Global by 28.6% in the 2nd quarter. Intellectus Partners LLC now owns 125,935 shares of the company’s stock worth $3,537,000 after buying an additional 27,975 shares in the last quarter. Meridian Financial Partners LLC acquired a new stake in shares of Mobileye Global during the 2nd quarter valued at $988,000. Finally, Raymond James & Associates grew its holdings in shares of Mobileye Global by 258.7% during 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 in the last quarter. Hedge funds and other institutional investors own 13.25% of the company’s stock.

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.