Mobileye Global’s (MBLY) Buy Rating Reiterated at Needham & Company LLC

Needham & Company LLC reissued their buy rating on shares of Mobileye Global (NASDAQ:MBLY) in a research note published on Friday, Benzinga reports. They currently have a $36.00 price target on the stock.

Several other analysts have also commented on the company. Bank of America lowered Mobileye Global from a neutral rating to an underperform rating and dropped their price objective for the company from $47.00 to $22.00 in a report on Thursday, January 4th. Barclays cut their price target on shares of Mobileye Global from $46.00 to $43.00 and set an overweight rating for the company in a report on Friday, January 26th. Robert W. Baird decreased their price objective on shares of Mobileye Global from $43.00 to $42.00 and set an outperform rating on the stock in a report on Friday, January 26th. TD Cowen boosted their target price on shares of Mobileye Global from $35.00 to $37.00 and gave the stock a buy rating in a research note on Friday. Finally, Piper Sandler began coverage on shares of Mobileye Global in a research note on Friday, March 15th. They issued a neutral rating and a $31.00 price target on the stock. Three equities research analysts have rated the stock with a sell rating, one has issued a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of Moderate Buy and a consensus price target of $40.58.

Mobileye Global Stock Down 4.1 %

NASDAQ:MBLY opened at $28.00 on Friday. Mobileye Global has a 52 week low of $23.49 and a 52 week high of $47.41. The stock’s 50-day moving average price is $29.27 and its 200-day moving average price is $33.27. The stock has a market capitalization of $22.57 billion, a PE ratio of -133.33, a price-to-earnings-growth ratio of 13.57 and a beta of -0.22.

Institutional Investors Weigh In On Mobileye Global

Institutional investors have recently modified their holdings of the company. CWM LLC purchased a new position in Mobileye Global during the 3rd quarter valued at about $25,000. Principal Securities Inc. acquired a new stake in shares of Mobileye Global during the fourth quarter worth about $28,000. Register Financial Advisors LLC purchased a new position in shares of Mobileye Global in the first quarter valued at approximately $32,000. Cary Street Partners Investment Advisory LLC acquired a new position in shares of Mobileye Global in the third quarter valued at approximately $35,000. Finally, Venturi Wealth Management LLC increased its stake in Mobileye Global by 33.3% during the 3rd quarter. Venturi Wealth Management LLC now owns 1,200 shares of the company’s stock worth $50,000 after buying an additional 300 shares during the period. 13.25% of the stock is owned by institutional investors and hedge funds.

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.