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

Mobileye Global (NASDAQ:MBLY) had its price objective raised by Robert W. Baird from $17.00 to $18.00 in a report published on Friday,Benzinga reports. They currently have an outperform rating on the stock.

Several other equities analysts also recently commented on the company. Barclays reiterated an “equal weight” rating and set a $14.00 price target (down previously from $22.00) on shares of Mobileye Global in a report on Tuesday, April 15th. UBS Group dropped their target price on shares of Mobileye Global from $17.00 to $14.00 and set a “neutral” rating on the stock in a report on Thursday, April 10th. TD Cowen upped their price target on shares of Mobileye Global from $15.00 to $18.00 and gave the company a “buy” rating in a report on Friday. The Goldman Sachs Group dropped their price objective on Mobileye Global from $20.00 to $17.00 and set a “buy” rating on the stock in a research note on Thursday, April 10th. Finally, JPMorgan Chase & Co. lowered 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. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Mobileye Global currently has a consensus rating of “Hold” and a consensus target price of $20.35.

Mobileye Global Stock Up 4.4 %

MBLY stock opened at $15.14 on Friday. The firm has a 50 day moving average of $14.58 and a two-hundred day moving average of $15.91. Mobileye Global has a 12 month low of $10.48 and a 12 month high of $33.26. The company has a market capitalization of $12.28 billion, a price-to-earnings ratio of -3.96, a P/E/G ratio of 69.54 and a beta of 0.39.

Mobileye Global (NASDAQ:MBLY) last issued its quarterly earnings data on Thursday, April 24th. The company reported $0.08 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.08. Mobileye Global had a negative net margin of 186.82% and a negative return on equity of 0.34%. The firm had revenue of $438.00 million during the quarter, compared to analysts’ expectations of $434.87 million. On average, research analysts expect that Mobileye Global will post 0.01 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the company. Norges Bank bought a new stake in Mobileye Global during the 4th quarter worth approximately $95,937,000. Dimensional Fund Advisors LP acquired a new position in Mobileye Global during the 4th quarter worth about $27,155,000. Light Street Capital Management LLC acquired a new position in Mobileye Global during the 4th quarter worth about $15,276,000. Yiheng Capital Management L.P. bought a new stake in Mobileye Global during the 4th quarter worth about $14,940,000. Finally, Susquehanna Fundamental Investments LLC acquired a new stake in Mobileye Global in the 4th quarter valued at about $13,897,000. 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.