Cowen Initiates Coverage on Mobileye Global (NASDAQ:MBLY)

Cowen assumed coverage on shares of Mobileye Global (NASDAQ:MBLYGet Rating) in a research note published on Monday, The Fly reports. The firm issued an outperform rating and a $35.00 price target on the stock.

Several other research analysts have also commented on the company. Robert W. Baird began coverage on Mobileye Global in a research report on Monday, November 14th. They set an outperform rating and a $36.00 price target for the company. The Goldman Sachs Group began coverage on Mobileye Global in a research report on Monday. They set a buy rating and a $36.00 price target for the company. Three equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and a consensus target price of $37.27.

Mobileye Global Stock Performance

MBLY opened at $29.31 on Monday. Mobileye Global has a 52 week low of $24.85 and a 52 week high of $31.88.

Insider Buying and Selling at Mobileye Global

In other Mobileye Global news, Director Safroadu Yeboah-Amankwah purchased 47,519 shares of the business’s stock in a transaction on Friday, October 28th. The shares were bought at an average cost of $21.00 per share, for a total transaction of $997,899.00. Following the completion of the purchase, the director now directly owns 47,519 shares in the company, valued at $997,899. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Mobileye Global news, Director Safroadu Yeboah-Amankwah purchased 47,519 shares of the business’s stock in a transaction on Friday, October 28th. The shares were bought at an average cost of $21.00 per share, for a total transaction of $997,899.00. Following the completion of the purchase, the director now directly owns 47,519 shares in the company, valued at $997,899. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Amnon Shashua purchased 476,191 shares of the business’s stock in a transaction on Friday, October 28th. The stock was acquired at an average price of $21.00 per share, for a total transaction of $10,000,011.00. Following the completion of the purchase, the chief executive officer now owns 476,191 shares of the company’s stock, valued at $10,000,011. The disclosure for this purchase can be found here.

About Mobileye Global

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Mobileye Global Inc engages in the development and deployment of advanced driver assistance systems (ADAS) and autonomous driving technologies and solutions worldwide. The company offers Driver Assist, which comprise 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 driver assist 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 and supports over-the-air updates.

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Analyst Recommendations for Mobileye Global (NASDAQ:MBLY)

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