Mobileye Global Inc. (NASDAQ:MBLY) Receives $23.14 Consensus Target Price from Analysts

Shares of Mobileye Global Inc. (NASDAQ:MBLY) have received a consensus recommendation of “Hold” from the twenty-six analysts that are covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $23.24.

Several research firms have recently commented on MBLY. TD Cowen lifted their price target on Mobileye Global from $15.00 to $19.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $15.00 target price on shares of Mobileye Global in a research note on Tuesday, September 10th. JPMorgan Chase & Co. reissued an “underweight” rating and issued a $10.00 price target (down previously from $16.00) on shares of Mobileye Global in a research note on Monday, October 7th. UBS Group lowered shares of Mobileye Global from a “buy” rating to a “neutral” rating and reduced their price target for the company from $20.00 to $14.00 in a research report on Friday, October 4th. Finally, BNP Paribas lowered Mobileye Global from a “neutral” rating to an “underperform” rating and set a $12.00 price objective for the company. in a research report on Wednesday, October 2nd.

Institutional Investors Weigh In On Mobileye Global

Hedge funds have recently added to or reduced their stakes in the business. Tidal Investments LLC increased its position in shares of Mobileye Global by 4.6% during the third quarter. Tidal Investments LLC now owns 36,586 shares of the company’s stock worth $501,000 after acquiring an additional 1,617 shares during the period. Sanctuary Advisors LLC acquired a new position in Mobileye Global during the 3rd quarter worth $273,000. Virtu Financial LLC purchased a new stake in Mobileye Global during the 3rd quarter worth about $229,000. TCW Group Inc. raised its position in Mobileye Global by 0.8% in the 3rd quarter. TCW Group Inc. now owns 412,651 shares of the company’s stock valued at $5,653,000 after purchasing an additional 3,388 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of Mobileye Global by 24.2% in the 3rd quarter. Geode Capital Management LLC now owns 1,431,325 shares of the company’s stock valued at $19,615,000 after buying an additional 279,082 shares during the period. 13.25% of the stock is currently owned by institutional investors and hedge funds.

Mobileye Global Stock Performance

Shares of Mobileye Global stock opened at $18.80 on Tuesday. The business’s 50 day moving average price is $15.44 and its 200 day moving average price is $18.18. The company has a market cap of $15.25 billion, a price-to-earnings ratio of -5.15 and a beta of 0.44. Mobileye Global has a one year low of $10.48 and a one year high of $44.48.

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.