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

Mobileye Global (NASDAQ:MBLY) had its price target hoisted by TD Cowen from $35.00 to $37.00 in a research note published on Friday, MarketBeat.com reports. TD Cowen currently has a buy rating on the stock.

Several other equities analysts have also recently weighed in on MBLY. Bank of America cut Mobileye Global from a neutral rating to an underperform rating and lowered their price target for the company from $47.00 to $22.00 in a report on Thursday, January 4th. JPMorgan Chase & Co. raised their target price on Mobileye Global from $34.00 to $38.00 and gave the stock an overweight rating in a research report on Thursday, April 11th. Wolfe Research upgraded Mobileye Global from a peer perform rating to an outperform rating and set a $41.00 price target for the company in a research note on Friday, April 12th. Raymond James lowered their price objective on shares of Mobileye Global from $48.00 to $40.00 in a research note on Monday, January 22nd. Finally, Needham & Company LLC cut their target price on shares of Mobileye Global from $43.00 to $36.00 and set a buy rating for the company in a research report on Friday, January 5th. Three investment analysts have rated the stock with a sell rating, one has given a hold rating and fifteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of Moderate Buy and an average price target of $41.58.

Mobileye Global Stock Performance

MBLY opened at $29.20 on Friday. The company’s 50-day simple moving average is $29.23 and its two-hundred day simple moving average is $33.33. Mobileye Global has a 52-week low of $23.49 and a 52-week high of $47.41. The stock has a market capitalization of $23.54 billion, a P/E ratio of -139.05, a P/E/G ratio of 13.57 and a beta of -0.21.

Mobileye Global (NASDAQ:MBLY) last issued its quarterly earnings data on Thursday, January 25th. The company reported $0.28 earnings per share for the quarter, beating analysts’ consensus estimates 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 company had revenue of $637.00 million for the quarter, compared to the consensus estimate of $637.53 million. During the same quarter in the prior year, the firm earned $0.27 earnings per share. The firm’s revenue for the quarter was up 12.7% compared to the same quarter last year. Research analysts forecast that Mobileye Global will post 0.14 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of MBLY. CWM LLC bought a new stake in Mobileye Global during the third quarter valued at about $25,000. Slow Capital Inc. raised its stake in Mobileye Global by 8.3% during the 3rd quarter. Slow Capital Inc. now owns 90,367 shares of the company’s stock valued at $3,755,000 after purchasing an additional 6,938 shares during the period. Golden State Equity Partners purchased a new position in Mobileye Global in the 3rd quarter worth approximately $208,000. Commonwealth Equity Services LLC boosted its stake in Mobileye Global by 20.5% in the 3rd quarter. Commonwealth Equity Services LLC now owns 15,489 shares of the company’s stock worth $644,000 after purchasing an additional 2,640 shares during the period. Finally, Bank of New York Mellon Corp grew its holdings in Mobileye Global by 25.9% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,885,263 shares of the company’s stock valued at $78,333,000 after buying an additional 388,109 shares in the last quarter. Institutional investors 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.