Mobileye Global (NASDAQ:MBLY) Price Target Raised to $37.00

Mobileye Global (NASDAQ:MBLY) had its target price hoisted by Canaccord Genuity Group from $31.00 to $37.00 in a research report sent to investors on Friday morning, Benzinga reports. They currently have a buy rating on the stock.

Other equities analysts have also issued research reports about the stock. Barclays lowered their price objective on shares of Mobileye Global from $46.00 to $43.00 and set an overweight rating for the company in a research report on Friday, January 26th. Piper Sandler started coverage on shares of Mobileye Global in a research report on Friday, March 15th. They set a neutral rating and a $31.00 price objective for the company. TD Cowen increased their target price on shares of Mobileye Global from $35.00 to $37.00 and gave the company a buy rating in a research note on Friday. Raymond James reduced their target price on shares of Mobileye Global from $48.00 to $40.00 in a research note on Monday, January 22nd. Finally, Robert W. Baird reduced their target price on shares of Mobileye Global from $43.00 to $42.00 and set an outperform rating on the stock in a research note on Friday, January 26th. Three equities research analysts have rated the stock with a sell rating, one has given a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat, Mobileye Global presently has a consensus rating of Moderate Buy and an average price target of $41.58.

Mobileye Global Trading Down 5.5 %

MBLY stock opened at $29.20 on Friday. Mobileye Global has a 52 week low of $23.49 and a 52 week high of $47.41. The company has a fifty day simple moving average of $29.23 and a two-hundred day simple moving average of $33.33.

Mobileye Global (NASDAQ:MBLY) last released its quarterly earnings data on Thursday, January 25th. The company reported $0.28 EPS for the quarter, beating the consensus estimate of $0.27 by $0.01. Mobileye Global had a negative net margin of 8.92% and a positive return on equity of 1.75%. The business had revenue of $637.00 million during the quarter, compared to analyst estimates of $637.53 million. During the same quarter last year, the business earned $0.27 earnings per share. Mobileye Global’s quarterly revenue was up 12.7% compared to the same quarter last year. On average, equities analysts predict that Mobileye Global will post 0.14 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in MBLY. Norges Bank purchased a new position in Mobileye Global in the 4th quarter worth about $437,842,000. Kodai Capital Management LP acquired a new stake in Mobileye Global in the 4th quarter worth approximately $148,924,000. Wellington Management Group LLP boosted its stake in Mobileye Global by 200.3% in the 4th quarter. Wellington Management Group LLP now owns 3,398,211 shares of the company’s stock worth $147,210,000 after purchasing an additional 2,266,438 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in Mobileye Global by 4,749.0% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,115,030 shares of the company’s stock worth $46,329,000 after purchasing an additional 1,092,035 shares in the last quarter. Finally, Peregrine Capital Management LLC acquired a new stake in Mobileye Global in the 1st quarter worth approximately $34,684,000. Hedge funds and other institutional investors 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.