Cowen Initiates Coverage on Mobileye Global (NASDAQ:MBLY)

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

MBLY has been the subject of a number of other research reports. Robert W. Baird began coverage on shares of Mobileye Global in a research report on Monday, November 14th. They set an outperform rating and a $36.00 target price for the company. The Goldman Sachs Group assumed coverage on shares of Mobileye Global in a report on Monday. They issued 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 issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Mobileye Global presently has a consensus rating of Moderate Buy and an average price target of $37.27.

Mobileye Global Stock Down 0.8 %

NASDAQ: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 Transactions at Mobileye Global

In related news, Director Safroadu Yeboah-Amankwah bought 47,519 shares of the stock in a transaction dated Friday, October 28th. The shares were purchased at an average price 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 of the company’s stock, valued at $997,899. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, Director Safroadu Yeboah-Amankwah bought 47,519 shares of the stock in a transaction dated Friday, October 28th. The shares were purchased at an average price 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 of the company’s stock, valued at $997,899. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Amnon Shashua bought 476,191 shares of the stock in a transaction dated Friday, October 28th. The stock was bought at an average price of $21.00 per share, for a total transaction of $10,000,011.00. Following the purchase, the chief executive officer now directly 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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