Mobileye Global (NASDAQ:MBLY) Stock Price Expected to Rise, Mizuho Analyst Says

Mobileye Global (NASDAQ:MBLY) had its target price lifted by Mizuho from $13.00 to $15.00 in a research note released on Monday,Benzinga reports. They currently have a neutral rating on the stock.

Several other brokerages have also commented on MBLY. JPMorgan Chase & Co. restated an “underweight” rating and set a $10.00 target price (down from $16.00) on shares of Mobileye Global in a research report on Monday, October 7th. Westpark Capital reissued a “hold” rating on shares of Mobileye Global in a report on Wednesday, July 31st. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $15.00 target price on shares of Mobileye Global in a report on Tuesday, September 10th. UBS Group lowered Mobileye Global from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $20.00 to $14.00 in a research note on Friday, October 4th. Finally, Evercore ISI dropped their price objective on Mobileye Global from $35.00 to $30.00 and set an “outperform” rating for the company in a research note on Monday, October 14th. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Mobileye Global currently has a consensus rating of “Hold” and an average price target of $23.14.

Mobileye Global Trading Up 2.5 %

Shares of MBLY stock opened at $17.34 on Monday. The company has a market capitalization of $14.07 billion, a P/E ratio of -4.75 and a beta of 0.07. The business’s 50 day moving average is $13.75 and its two-hundred day moving average is $19.49. Mobileye Global has a twelve month low of $10.48 and a twelve month high of $44.48.

Hedge Funds Weigh In On Mobileye Global

Several hedge funds and other institutional investors have recently modified their holdings of the company. Rakuten Securities Inc. increased its position in Mobileye Global by 140.2% during the 3rd quarter. Rakuten Securities Inc. now owns 1,818 shares of the company’s stock worth $25,000 after purchasing an additional 1,061 shares in the last quarter. Quarry LP purchased a new position in shares of Mobileye Global in the 3rd quarter valued at $31,000. Cranbrook Wealth Management LLC acquired a new position in shares of Mobileye Global during the 2nd quarter valued at $84,000. Natixis Investment Managers International purchased a new stake in Mobileye Global during the 1st quarter worth $99,000. Finally, Quest Partners LLC purchased a new position in Mobileye Global in the third quarter valued at about $102,000. 13.25% of the stock is owned by institutional investors and hedge funds.

About Mobileye Global

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.