Canaccord Genuity Group Lowers Mobileye Global (NASDAQ:MBLY) Price Target to $17.00

Mobileye Global (NASDAQ:MBLY) had its target price cut by investment analysts at Canaccord Genuity Group from $24.00 to $17.00 in a note issued to investors on Friday,Benzinga reports. The firm currently has a “buy” rating on the stock. Canaccord Genuity Group’s target price suggests a potential upside of 84.48% from the stock’s previous close.

Other equities research analysts have also issued research reports about the company. JPMorgan Chase & Co. dropped their target price on Mobileye Global from $11.00 to $9.00 and set a “neutral” rating on the stock in a research report on Thursday, April 16th. Needham & Company LLC dropped their target price on Mobileye Global from $18.00 to $16.00 and set a “buy” rating on the stock in a research report on Friday, January 23rd. The Goldman Sachs Group upped their target price on Mobileye Global from $8.00 to $9.00 and gave the company a “neutral” rating in a research report on Friday. Barclays dropped their target price on Mobileye Global from $16.00 to $14.00 and set an “overweight” rating on the stock in a research report on Monday, March 30th. Finally, Morgan Stanley dropped their target price on Mobileye Global from $13.00 to $12.00 and set an “equal weight” rating on the stock in a research report on Friday, January 23rd. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Mobileye Global presently has an average rating of “Hold” and an average target price of $13.98.

Mobileye Global Stock Up 5.9%

MBLY opened at $9.22 on Friday. Mobileye Global has a 52-week low of $6.47 and a 52-week high of $20.18. The company has a market cap of $7.51 billion, a P/E ratio of -1.83 and a beta of 0.75. The firm’s 50-day moving average price is $7.92 and its 200-day moving average price is $10.27.

Mobileye Global (NASDAQ:MBLY) last issued its earnings results on Thursday, April 23rd. The company reported $0.12 EPS for the quarter, beating analysts’ consensus estimates of $0.09 by $0.03. The firm had revenue of $558.00 million for the quarter, compared to analyst estimates of $519.34 million. Mobileye Global had a positive return on equity of 0.31% and a negative net margin of 203.97%.Mobileye Global’s revenue for the quarter was up 27.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.08 earnings per share. On average, research analysts anticipate that Mobileye Global will post -0.03 EPS for the current fiscal year.

Mobileye Global declared that its Board of Directors has initiated a share repurchase plan on Thursday, April 23rd that allows the company to buyback $250.00 million in outstanding shares. This buyback authorization allows the company to buy up to 3.8% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Intel Corp purchased a new position in shares of Mobileye Global during the 3rd quarter valued at approximately $706,000,000. Two Sigma Investments LP lifted its position in shares of Mobileye Global by 131.9% during the 3rd quarter. Two Sigma Investments LP now owns 4,383,735 shares of the company’s stock valued at $61,898,000 after buying an additional 2,493,181 shares in the last quarter. Engineers Gate Manager LP lifted its position in shares of Mobileye Global by 140.9% during the 4th quarter. Engineers Gate Manager LP now owns 3,577,407 shares of the company’s stock valued at $37,348,000 after buying an additional 2,092,250 shares in the last quarter. DNB Asset Management AS lifted its position in shares of Mobileye Global by 23.1% during the 4th quarter. DNB Asset Management AS now owns 3,506,480 shares of the company’s stock valued at $36,608,000 after buying an additional 658,585 shares in the last quarter. Finally, Vanguard Group Inc. lifted its position in shares of Mobileye Global by 65.5% during the 3rd quarter. Vanguard Group Inc. now owns 3,065,586 shares of the company’s stock valued at $43,286,000 after buying an additional 1,213,448 shares in the last quarter. Hedge funds and other institutional investors own 13.25% of the company’s stock.

Mobileye Global News Roundup

Here are the key news stories impacting Mobileye Global this week:

• Positive Sentiment: Q1 beat and raised outlook — Mobileye reported Q1 EPS and revenue above estimates, cited strong EyeQ shipments and modestly raised its full‑year 2026 revenue outlook, driving immediate upside. Read More.
• Positive Sentiment: $250M share buyback — Board authorized up to $250M in repurchases (about 3.8% of shares), a cash-return signal that typically supports shares. Read More.
• Positive Sentiment: Robotaxi and design‑win momentum — Management highlighted progress on robotaxi technology and a new Mahindra design win (adds another Surround ADAS customer), underpinning longer‑term growth narratives. Read More.
• Positive Sentiment: Analyst upgrade (TD Cowen) — TD Cowen raised its price target to $10 and set a Buy rating, giving the stock additional near‑term buy‑side support. Read More.
• Neutral Sentiment: Mixed/limited upside from other brokers — UBS, Goldman Sachs and Mizuho raised price targets modestly but kept Neutral ratings (limited conviction), while overall broker consensus remains a “Hold.” Read More. • Read More.
• Negative Sentiment: Canaccord trims target materially — Canaccord cut its target from $24 to $17 (still a “buy”), a signal of reduced upside from some bull analysts and potential source of downward pressure for more skeptical investors. Read More.
• Negative Sentiment: Profitability and FY EPS outlook risks — Despite top‑line growth, Mobileye reported a negative net margin and some analysts still model slightly negative EPS for the fiscal year, which can cap multiple expansion until margins improve. Read More.

About Mobileye Global

Mobileye Global Inc (NASDAQ: MBLY) is a leader in the development of advanced driver-assistance systems (ADAS) and autonomous driving technologies. Headquartered in Jerusalem, Israel, the company designs and supplies computer vision-based solutions that enable vehicles to detect and respond to road conditions, obstacles and signage. Mobileye’s core offering centers on its proprietary EyeQ system-on-a-chip (SoC) family, which processes video streams from automotive cameras to deliver features such as lane-keeping assist, adaptive cruise control, collision prevention and traffic sign recognition.

Founded in 1999 by Prof.