Mobileye Global (NASDAQ:MBLY) Price Target Raised to $23.00

Mobileye Global (NASDAQ:MBLY) had its price objective increased by Loop Capital from $20.00 to $23.00 in a report issued on Wednesday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Loop Capital’s price target suggests a potential upside of 20.67% from the stock’s previous close.

Other analysts have also issued research reports about the company. TD Cowen upped their target price on Mobileye Global from $15.00 to $19.00 and gave the stock a “buy” rating in a report on Friday, November 1st. JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $10.00 price objective (down from $16.00) on shares of Mobileye Global in a report on Monday, October 7th. Mizuho increased their price objective on Mobileye Global from $15.00 to $17.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 10th. Needham & Company LLC reaffirmed a “buy” rating and issued a $20.00 price objective on shares of Mobileye Global in a report on Wednesday, December 11th. Finally, UBS Group lowered Mobileye Global from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $20.00 to $14.00 in a report on Friday, October 4th. Three research 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 stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $23.38.

Mobileye Global Stock Down 3.0 %

MBLY traded down $0.58 during trading hours on Wednesday, hitting $19.06. 1,945,128 shares of the company’s stock were exchanged, compared to its average volume of 5,189,727. The stock has a market cap of $15.46 billion, a price-to-earnings ratio of -5.22 and a beta of 0.44. Mobileye Global has a 1-year low of $10.48 and a 1-year high of $44.48. The stock’s 50-day moving average is $15.58 and its two-hundred day moving average is $18.14.

Institutional Investors Weigh In On Mobileye Global

A number of large investors have recently bought and sold shares of the stock. Rakuten Securities Inc. grew its holdings in shares of Mobileye Global by 140.2% during the third quarter. Rakuten Securities Inc. now owns 1,818 shares of the company’s stock valued at $25,000 after buying an additional 1,061 shares during the last quarter. Guinness Atkinson Asset Management Inc increased its holdings in Mobileye Global by 16.9% during the 3rd quarter. Guinness Atkinson Asset Management Inc now owns 8,700 shares of the company’s stock worth $119,000 after purchasing an additional 1,257 shares in the last quarter. Levin Capital Strategies L.P. lifted its holdings in shares of Mobileye Global by 11.1% in the second quarter. Levin Capital Strategies L.P. now owns 14,441 shares of the company’s stock valued at $406,000 after purchasing an additional 1,441 shares in the last quarter. Tidal Investments LLC grew its holdings in 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 buying an additional 1,617 shares in the last quarter. Finally, Blair William & Co. IL lifted its stake in Mobileye Global by 29.1% during the 2nd quarter. Blair William & Co. IL now owns 8,869 shares of the company’s stock valued at $249,000 after acquiring an additional 1,999 shares in the last quarter. 13.25% of the stock is currently 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.