Piper Sandler Boosts Mobileye Global (NASDAQ:MBLY) Price Target to $17.00

Mobileye Global (NASDAQ:MBLY) had its price target raised by research analysts at Piper Sandler from $16.00 to $17.00 in a research note issued on Thursday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. Piper Sandler’s target price would indicate a potential upside of 16.76% from the stock’s current price.

Several other research analysts have also recently weighed in on MBLY. UBS Group increased their price objective on Mobileye Global from $14.00 to $17.00 and gave the stock a “neutral” rating in a research report on Thursday, January 16th. Loop Capital upped their price objective on Mobileye Global from $20.00 to $23.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. Needham & Company LLC reissued a “buy” rating and set a $20.00 target price on shares of Mobileye Global in a report on Friday, January 31st. Oppenheimer initiated coverage on shares of Mobileye Global in a research report on Wednesday, January 15th. They issued an “outperform” rating and a $28.00 price target on the stock. Finally, Bank of America upgraded shares of Mobileye Global from an “underperform” rating to a “neutral” rating and lifted their price objective for the company from $12.00 to $19.00 in a research note on Monday, February 10th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $22.24.

Mobileye Global Stock Performance

Shares of MBLY opened at $14.56 on Thursday. The company has a 50-day simple moving average of $16.11 and a 200-day simple moving average of $15.61. The firm has a market capitalization of $11.81 billion, a P/E ratio of -3.81, a P/E/G ratio of 69.54 and a beta of 0.29. Mobileye Global has a 52 week low of $10.48 and a 52 week high of $34.00.

Mobileye Global (NASDAQ:MBLY) last issued its quarterly earnings data on Thursday, January 30th. The company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.08). Mobileye Global had a negative return on equity of 0.34% and a negative net margin of 186.82%. As a group, equities analysts forecast that Mobileye Global will post 0.01 earnings per share for the current year.

Hedge Funds Weigh In On Mobileye Global

Large investors have recently bought and sold shares of the business. Norges Bank purchased a new stake in Mobileye Global during the 4th quarter valued at about $95,937,000. The Manufacturers Life Insurance Company grew its holdings in shares of Mobileye Global by 49.8% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 13,590,818 shares of the company’s stock worth $186,194,000 after purchasing an additional 4,517,217 shares during the period. Dimensional Fund Advisors LP acquired a new stake in shares of Mobileye Global during the fourth quarter valued at about $27,155,000. Charles Schwab Investment Management Inc. boosted its position in shares of Mobileye Global by 168.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,526,234 shares of the company’s stock worth $20,909,000 after buying an additional 957,565 shares during the period. Finally, Loomis Sayles & Co. L P grew its position in Mobileye Global by 85.3% in the 3rd quarter. Loomis Sayles & Co. L P now owns 1,668,331 shares of the company’s stock valued at $22,856,000 after acquiring an additional 768,169 shares in the last quarter. Institutional investors and hedge funds 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.