Cowen Initiates Coverage on Mobileye Global (NASDAQ:MBLY)

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

Other equities analysts have also recently issued reports about the stock. Citigroup began coverage on shares of Mobileye Global in a research note on Monday. They set a buy rating on the stock. The Goldman Sachs Group began coverage on shares of Mobileye Global in a research note on Monday. They set a buy rating and a $36.00 price target on the stock. Robert W. Baird began coverage on shares of Mobileye Global in a research note on Monday, November 14th. They set an outperform rating and a $36.00 price target on the stock. Royal Bank of Canada began coverage on shares of Mobileye Global in a research note on Monday. They set an outperform rating and a $41.00 price target on the stock. Finally, Bank of America began coverage on shares of Mobileye Global in a research note on Monday. They set a neutral rating and a $34.00 price target on the stock. Three investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of Moderate Buy and an average price target of $37.27.

Mobileye Global Stock Down 0.8 %

Shares of Mobileye Global stock opened at $29.31 on Monday. Mobileye Global has a one year low of $24.85 and a one year high of $31.88.

Insiders Place Their Bets

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

About Mobileye Global

(Get Rating)

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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