Piper Sandler Increases Mobileye Global (NASDAQ:MBLY) Price Target to $32.00

Mobileye Global (NASDAQ:MBLY) had its price target lifted by Piper Sandler from $31.00 to $32.00 in a report issued on Friday, Benzinga reports. The firm currently has a neutral rating on the stock.

A number of other analysts have also issued reports on the company. Royal Bank of Canada lowered their price target on Mobileye Global from $45.00 to $39.00 and set an outperform rating on the stock in a research note on Friday, January 26th. TD Cowen boosted their price target on shares of Mobileye Global from $35.00 to $37.00 and gave the company a buy rating in a research report on Friday. JPMorgan Chase & Co. upped their price objective on shares of Mobileye Global from $34.00 to $38.00 and gave the company an overweight rating in a report on Thursday, April 11th. Canaccord Genuity Group boosted their target price on shares of Mobileye Global from $31.00 to $37.00 and gave the company a buy rating in a report on Friday. Finally, Mizuho dropped their price target on shares of Mobileye Global from $42.00 to $38.00 and set a buy rating for the company in a research note on Friday, January 26th. Three investment analysts have rated the stock with a sell rating, one has issued a hold rating and fifteen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of Moderate Buy and a consensus target price of $41.58.

Mobileye Global Stock Performance

Mobileye Global stock opened at $29.20 on Friday. Mobileye Global has a 12 month low of $23.49 and a 12 month high of $47.41. The business has a 50 day simple moving average of $29.23 and a 200-day simple moving average of $33.33.

Mobileye Global (NASDAQ:MBLY) last issued its quarterly earnings results on Thursday, January 25th. The company reported $0.28 EPS for the quarter, topping 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 company had revenue of $637.00 million during the quarter, compared to analyst estimates of $637.53 million. During the same quarter in the previous year, the firm earned $0.27 EPS. The firm’s revenue was up 12.7% compared to the same quarter last year. As a group, research analysts anticipate that Mobileye Global will post 0.14 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Venturi Wealth Management LLC boosted its position in Mobileye Global by 33.3% in the 3rd quarter. Venturi Wealth Management LLC now owns 1,200 shares of the company’s stock valued at $50,000 after buying an additional 300 shares during the period. Wealth Management Partners LLC grew its stake in Mobileye Global by 3.1% during the 3rd quarter. Wealth Management Partners LLC now owns 11,723 shares of the company’s stock worth $487,000 after purchasing an additional 350 shares in the last quarter. Capital Investment Advisory Services LLC increased its holdings in Mobileye Global by 2.8% during the 4th quarter. Capital Investment Advisory Services LLC now owns 14,700 shares of the company’s stock worth $637,000 after purchasing an additional 400 shares during the period. Green Alpha Advisors LLC raised its position in Mobileye Global by 2.6% in the 1st quarter. Green Alpha Advisors LLC now owns 19,609 shares of the company’s stock valued at $630,000 after purchasing an additional 500 shares in the last quarter. Finally, CWM LLC purchased a new position in shares of Mobileye Global in the 3rd quarter valued at about $25,000. 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.