Analysts Set Mobileye Global Inc. (NASDAQ:MBLY) Target Price at $22.95

Mobileye Global Inc. (NASDAQ:MBLY) has earned a consensus recommendation of “Hold” from the twenty-six brokerages that are currently covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, eleven have given a hold recommendation, twelve have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $22.24.

Several equities research analysts recently weighed in on MBLY shares. Mizuho reduced their price target on shares of Mobileye Global from $17.00 to $16.00 and set a “neutral” rating on the stock in a research report on Friday, January 31st. Wolfe Research raised shares of Mobileye Global from a “peer perform” rating to an “outperform” rating in a research note on Thursday, December 5th. UBS Group upped their target price on shares of Mobileye Global from $14.00 to $17.00 and gave the company a “neutral” rating in a research report on Thursday, January 16th. The Goldman Sachs Group lifted their target price on Mobileye Global from $18.00 to $20.00 and gave the stock a “buy” rating in a report on Monday, February 24th. Finally, Oppenheimer started coverage on shares of Mobileye Global in a research note on Wednesday, January 15th. They set an “outperform” rating and a $28.00 price objective for the company.

Institutional Trading of Mobileye Global

Several institutional investors and hedge funds have recently made changes to their positions in MBLY. Parkside Financial Bank & Trust increased its position in Mobileye Global by 147.4% during the 4th quarter. Parkside Financial Bank & Trust now owns 1,237 shares of the company’s stock valued at $25,000 after purchasing an additional 737 shares during the period. Versant Capital Management Inc increased its holdings in Mobileye Global by 580.0% during the fourth quarter. Versant Capital Management Inc now owns 1,326 shares of the company’s stock valued at $26,000 after buying an additional 1,131 shares during the period. FNY Investment Advisers LLC bought a new position in Mobileye Global in the fourth quarter worth approximately $30,000. Global Retirement Partners LLC lifted its holdings in Mobileye Global by 136.9% during the fourth quarter. Global Retirement Partners LLC now owns 1,613 shares of the company’s stock worth $32,000 after buying an additional 932 shares during the period. Finally, Strategic Investment Solutions Inc. IL bought a new stake in Mobileye Global during the 4th quarter valued at $40,000. 13.25% of the stock is currently owned by institutional investors.

Mobileye Global Stock Performance

Shares of NASDAQ MBLY opened at $14.56 on Thursday. The firm’s fifty day moving average is $16.11 and its two-hundred day moving average is $15.63. Mobileye Global has a 52-week low of $10.48 and a 52-week high of $34.00. The company has a market cap 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 (NASDAQ:MBLY) last posted its earnings results 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, analysts forecast that Mobileye Global will post 0.01 EPS for the current fiscal year.

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.