Mobileye Global Inc. (NASDAQ:MBLY) Receives $23.45 Consensus Target Price from Analysts

Shares of Mobileye Global Inc. (NASDAQ:MBLY) have been given an average rating of “Hold” by the twenty-four research firms that are currently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, ten have assigned a hold recommendation, eleven have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $23.45.

MBLY has been the topic of a number of analyst reports. TD Cowen increased their price target on Mobileye Global from $15.00 to $19.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Loop Capital lifted their price target on shares of Mobileye Global from $20.00 to $23.00 and gave the stock a “buy” rating in a research note on Wednesday, December 18th. Mizuho increased their price objective on shares of Mobileye Global from $15.00 to $17.00 and gave the company a “neutral” rating in a research report on Tuesday, December 10th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $15.00 price objective on shares of Mobileye Global in a research report on Tuesday, September 10th. Finally, Evercore ISI dropped their target price on Mobileye Global from $35.00 to $30.00 and set an “outperform” rating on the stock in a report on Monday, October 14th.

Mobileye Global Trading Up 0.6 %

Shares of NASDAQ MBLY opened at $21.84 on Friday. The stock has a market cap of $17.71 billion, a P/E ratio of -5.98 and a beta of 0.30. The business’s fifty day simple moving average is $17.48 and its 200-day simple moving average is $17.29. Mobileye Global has a 12-month low of $10.48 and a 12-month high of $34.00.

Hedge Funds Weigh In On Mobileye Global

Several institutional investors have recently added to or reduced their stakes in the stock. Rakuten Securities Inc. lifted 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 acquiring an additional 1,061 shares during the period. Versant Capital Management Inc lifted its holdings in shares of Mobileye Global by 580.0% during the fourth quarter. Versant Capital Management Inc now owns 1,326 shares of the company’s stock worth $26,000 after purchasing an additional 1,131 shares during the period. Quarry LP acquired a new stake in shares of Mobileye Global during the third quarter worth $31,000. Cranbrook Wealth Management LLC purchased a new position in Mobileye Global in the 2nd quarter valued at $84,000. Finally, Quest Partners LLC acquired a new position in Mobileye Global in the 3rd quarter valued at $102,000. Institutional investors and hedge funds own 13.25% of the company’s stock.

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.