Mobileye Global Inc. (NASDAQ:MBLY – Get Free Report)’s stock price dropped 5.1% during mid-day trading on Monday after Citigroup lowered their price target on the stock from $58.00 to $53.00. Citigroup currently has a buy rating on the stock. Mobileye Global traded as low as $27.36 and last traded at $27.72. Approximately 2,284,330 shares changed hands during trading, a decline of 50% from the average daily volume of 4,578,108 shares. The stock had previously closed at $29.20.
MBLY has been the subject of several other reports. TD Cowen lifted their price objective on shares of Mobileye Global from $35.00 to $37.00 and gave the stock a “buy” rating in a research note on Friday, April 26th. Royal Bank of Canada lowered their price target on Mobileye Global from $45.00 to $39.00 and set an “outperform” rating for the company in a research report on Friday, January 26th. Barclays cut their price objective on Mobileye Global from $46.00 to $43.00 and set an “overweight” rating on the stock in a report on Friday, January 26th. Wolfe Research upgraded Mobileye Global from a “peer perform” rating to an “outperform” rating and set a $41.00 target price on the stock in a research report on Friday, April 12th. Finally, Morgan Stanley lowered shares of Mobileye Global from an “equal weight” rating to an “underweight” rating and reduced their price target for the stock from $26.00 to $25.00 in a research report on Friday, April 26th. Three analysts have rated the stock with a sell rating, one has issued a hold rating and fifteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Mobileye Global has a consensus rating of “Moderate Buy” and a consensus price target of $40.58.
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Hedge Funds Weigh In On Mobileye Global
Mobileye Global Stock Down 1.6 %
The stock’s 50-day moving average price is $29.27 and its 200 day moving average price is $33.27. The firm has a market capitalization of $22.21 billion, a price-to-earnings ratio of -131.18, a PEG ratio of 13.57 and a beta of -0.22.
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.
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