Mobileye Global (NASDAQ:MBLY) Price Target Raised to $15.00

Mobileye Global (NASDAQ:MBLY) had its target price boosted by research analysts at Mizuho from $13.00 to $15.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm presently has a “neutral” rating on the stock. Mizuho’s price objective suggests a potential downside of 10.39% from the stock’s previous close.

Several other research firms have also weighed in on MBLY. Evercore ISI reduced their price target on shares of Mobileye Global from $35.00 to $30.00 and set an “outperform” rating for the company in a research report on Monday, October 14th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $15.00 target price on shares of Mobileye Global in a research report on Tuesday, September 10th. Royal Bank of Canada lowered shares of Mobileye Global from an “outperform” rating to a “sector perform” rating and cut their target price for the stock from $24.00 to $11.00 in a research report on Tuesday, October 15th. Wolfe Research lowered shares of Mobileye Global from an “outperform” rating to a “peer perform” rating in a research report on Thursday, September 5th. Finally, Daiwa America lowered shares of Mobileye Global from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 5th. Three investment analysts have rated the stock with a sell rating, eleven have assigned 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, the stock has an average rating of “Hold” and a consensus price target of $23.14.

Mobileye Global Stock Up 11.7 %

MBLY traded up $1.75 during trading on Monday, hitting $16.74. 4,409,327 shares of the company traded hands, compared to its average volume of 5,066,916. The firm has a market cap of $13.58 billion, a P/E ratio of -4.59 and a beta of 0.07. The stock’s fifty day moving average is $13.26 and its 200 day moving average is $19.71. Mobileye Global has a one year low of $10.48 and a one year high of $44.48.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Geode Capital Management LLC boosted its stake in Mobileye Global by 24.2% in the 3rd quarter. Geode Capital Management LLC now owns 1,431,325 shares of the company’s stock worth $19,615,000 after purchasing an additional 279,082 shares during the period. Main Management ETF Advisors LLC bought a new position in Mobileye Global in the 3rd quarter worth approximately $1,106,000. Stifel Financial Corp boosted its stake in Mobileye Global by 101.8% in the 3rd quarter. Stifel Financial Corp now owns 179,236 shares of the company’s stock worth $2,456,000 after purchasing an additional 90,436 shares during the period. Quarry LP bought a new position in Mobileye Global in the 3rd quarter worth approximately $31,000. Finally, Polymer Capital Management HK LTD purchased a new stake in shares of Mobileye Global during the 3rd quarter worth approximately $580,000. 13.25% of the stock is currently owned by institutional investors.

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.