Mobileye Global (NASDAQ:MBLY) Price Target Raised to $18.00

Mobileye Global (NASDAQ:MBLY) had its price target hoisted by TD Cowen from $15.00 to $18.00 in a research note issued to investors on Friday, MarketBeat Ratings reports. The firm currently has a buy rating on the stock.

MBLY has been the subject of several other research reports. BNP Paribas upgraded shares of Mobileye Global from an “underperform” rating to a “neutral” rating and set a $11.00 price target for the company in a report on Wednesday, April 23rd. JPMorgan Chase & Co. dropped their target price on Mobileye Global from $11.00 to $10.00 and set an “underweight” rating on the stock in a report on Thursday, April 17th. Robert W. Baird cut their price target on Mobileye Global from $25.00 to $17.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 15th. UBS Group lowered their price objective on Mobileye Global from $17.00 to $14.00 and set a “neutral” rating for the company in a research report on Thursday, April 10th. Finally, The Goldman Sachs Group decreased their price objective on shares of Mobileye Global from $20.00 to $17.00 and set a “buy” rating for the company in a research note on Thursday, April 10th. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $20.35.

Mobileye Global Trading Up 4.4 %

Mobileye Global stock opened at $15.14 on Friday. The firm has a market capitalization of $12.28 billion, a P/E ratio of -3.96, a P/E/G ratio of 69.54 and a beta of 0.39. Mobileye Global has a twelve month low of $10.48 and a twelve month high of $33.26. The stock’s fifty day simple moving average is $14.58 and its 200-day simple moving average is $15.91.

Mobileye Global (NASDAQ:MBLY) last issued its quarterly earnings results on Thursday, April 24th. The company reported $0.08 earnings per share for the quarter, hitting the consensus estimate of $0.08. The company had revenue of $438.00 million for the quarter, compared to the consensus estimate of $434.87 million. Mobileye Global had a negative return on equity of 0.34% and a negative net margin of 186.82%. Sell-side analysts predict that Mobileye Global will post 0.01 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of MBLY. Norges Bank purchased a new position in Mobileye Global during the fourth quarter worth $95,937,000. Dimensional Fund Advisors LP acquired a new stake in shares of Mobileye Global during the fourth quarter valued at $27,155,000. Light Street Capital Management LLC purchased a new stake in Mobileye Global during the 4th quarter worth about $15,276,000. Yiheng Capital Management L.P. acquired a new position in Mobileye Global in the 4th quarter valued at about $14,940,000. Finally, Susquehanna Fundamental Investments LLC purchased a new position in Mobileye Global in the 4th quarter valued at about $13,897,000. 13.25% of the stock is currently owned by institutional investors and hedge funds.

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.