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

Mobileye Global (NASDAQ:MBLY)‘s stock had its “buy” rating reaffirmed by analysts at Needham & Company LLC in a note issued to investors on Wednesday,Benzinga reports. They presently have a $20.00 target price on the stock. Needham & Company LLC’s price target indicates a potential upside of 17.79% from the company’s current price.

MBLY has been the topic of a number of other research reports. Barclays dropped their target price on Mobileye Global from $19.00 to $18.00 and set an “overweight” rating on the stock in a report on Monday, November 4th. Robert W. Baird lifted their price objective on shares of Mobileye Global from $17.00 to $18.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Wolfe Research upgraded shares of Mobileye Global from a “peer perform” rating to an “outperform” rating in a report on Thursday, December 5th. UBS Group cut shares of Mobileye Global from a “buy” rating to a “neutral” rating and cut their price target for the stock from $20.00 to $14.00 in a report on Friday, October 4th. Finally, TD Cowen increased their price objective on shares of Mobileye Global from $15.00 to $19.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Three analysts have rated the stock with a sell rating, ten have issued a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $23.24.

Mobileye Global Price Performance

MBLY opened at $16.98 on Wednesday. Mobileye Global has a fifty-two week low of $10.48 and a fifty-two week high of $44.48. The firm has a market capitalization of $13.77 billion, a PE ratio of -4.65 and a beta of 0.43. The company’s 50-day moving average is $15.03 and its 200 day moving average is $18.41.

Hedge Funds Weigh In On Mobileye Global

A number of institutional investors and hedge funds have recently made changes to their positions in MBLY. Tidal Investments LLC raised its holdings in Mobileye Global by 4.6% in the third quarter. Tidal Investments LLC now owns 36,586 shares of the company’s stock worth $501,000 after buying an additional 1,617 shares during the last quarter. Sanctuary Advisors LLC purchased a new position in shares of Mobileye Global in the 3rd quarter worth $273,000. Virtu Financial LLC purchased a new position in Mobileye Global in the third quarter worth about $229,000. TCW Group Inc. grew its position in Mobileye Global by 0.8% during the third quarter. TCW Group Inc. now owns 412,651 shares of the company’s stock valued at $5,653,000 after buying an additional 3,388 shares during the period. Finally, Geode Capital Management LLC grew its holdings in Mobileye Global by 24.2% during the third quarter. Geode Capital Management LLC now owns 1,431,325 shares of the company’s stock valued at $19,615,000 after purchasing an additional 279,082 shares during the period. Institutional investors own 13.25% of the company’s stock.

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.