Mobileye Global (NASDAQ:MBLY) Price Target Raised to $20.00 at The Goldman Sachs Group

Mobileye Global (NASDAQ:MBLY) had its price objective hoisted by The Goldman Sachs Group from $18.00 to $20.00 in a report issued on Monday morning,Benzinga reports. The Goldman Sachs Group currently has a buy rating on the stock.

A number of other equities research analysts have also weighed in on the company. Wolfe Research upgraded Mobileye Global from a “peer perform” rating to an “outperform” rating in a research note on Thursday, December 5th. UBS Group upped their price target on shares of Mobileye Global from $14.00 to $17.00 and gave the company a “neutral” rating in a research note on Thursday, January 16th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $11.00 price target on shares of Mobileye Global in a report on Thursday, December 5th. Loop Capital boosted their price objective on shares of Mobileye Global from $20.00 to $23.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. Finally, Oppenheimer started coverage on Mobileye Global in a research note on Wednesday, January 15th. They issued an “outperform” rating and a $28.00 target price for the company. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Mobileye Global has a consensus rating of “Hold” and a consensus target price of $22.95.

Mobileye Global Stock Up 0.2 %

NASDAQ:MBLY opened at $16.54 on Monday. The stock has a market capitalization of $13.41 billion, a price-to-earnings ratio of -4.33, a PEG ratio of 69.54 and a beta of 0.26. Mobileye Global has a 52 week low of $10.48 and a 52 week high of $34.00. The firm has a 50 day moving average of $17.61 and a 200 day moving average of $15.55.

Mobileye Global (NASDAQ:MBLY) last issued its quarterly earnings data on Thursday, January 30th. The company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.12 by ($0.08). Mobileye Global had a negative net margin of 186.82% and a negative return on equity of 0.34%. As a group, analysts expect that Mobileye Global will post 0.01 EPS for the current year.

Institutional Trading of Mobileye Global

Institutional investors have recently bought and sold shares of the business. Norges Bank acquired a new stake in Mobileye Global in the 4th quarter valued at $95,937,000. The Manufacturers Life Insurance Company lifted its holdings in Mobileye Global by 49.8% during the third quarter. The Manufacturers Life Insurance Company now owns 13,590,818 shares of the company’s stock valued at $186,194,000 after purchasing an additional 4,517,217 shares in the last quarter. Dimensional Fund Advisors LP purchased a new stake in shares of Mobileye Global during the fourth quarter worth about $27,155,000. Charles Schwab Investment Management Inc. raised its position in shares of Mobileye Global by 168.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,526,234 shares of the company’s stock worth $20,909,000 after purchasing an additional 957,565 shares during the last quarter. Finally, Loomis Sayles & Co. L P lifted its stake in Mobileye Global by 85.3% in the 3rd quarter. Loomis Sayles & Co. L P now owns 1,668,331 shares of the company’s stock valued at $22,856,000 after buying an additional 768,169 shares in the last quarter. 13.25% of the stock is owned by institutional investors and hedge funds.

About Mobileye Global

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.