Mobileye Global Inc. (NASDAQ:MBLY) Receives $23.05 Average Target Price from Brokerages

Mobileye Global Inc. (NASDAQ:MBLY) has been given an average recommendation of “Hold” by the twenty-six ratings firms that are currently covering the stock, MarketBeat Ratings reports. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, eleven have issued a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $23.14.

A number of analysts recently commented on the company. Canaccord Genuity Group decreased their price objective on Mobileye Global from $27.00 to $25.00 and set a “buy” rating on the stock in a research note on Friday, November 1st. Wolfe Research lowered Mobileye Global from an “outperform” rating to a “peer perform” rating in a research note on Thursday, September 5th. Robert W. Baird increased their price objective on Mobileye Global from $17.00 to $18.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Barclays decreased their price objective on Mobileye Global from $19.00 to $18.00 and set an “overweight” rating on the stock in a research note on Monday, November 4th. Finally, Mizuho increased their price objective on Mobileye Global from $13.00 to $15.00 and gave the company a “neutral” rating in a research note on Monday.

Institutional Trading of Mobileye Global

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Advisors Asset Management Inc. grew its holdings in shares of Mobileye Global by 9.9% in the 1st quarter. Advisors Asset Management Inc. now owns 8,608 shares of the company’s stock worth $277,000 after acquiring an additional 774 shares during the last quarter. Rakuten Securities Inc. grew its holdings in shares of Mobileye Global by 140.2% during the third quarter. Rakuten Securities Inc. now owns 1,818 shares of the company’s stock valued at $25,000 after buying an additional 1,061 shares in the last quarter. B. Riley Wealth Advisors Inc. grew its holdings in shares of Mobileye Global by 24.7% during the first quarter. B. Riley Wealth Advisors Inc. now owns 6,299 shares of the company’s stock valued at $203,000 after buying an additional 1,248 shares in the last quarter. Guinness Atkinson Asset Management Inc grew its holdings in shares of Mobileye Global by 16.9% during the third quarter. Guinness Atkinson Asset Management Inc now owns 8,700 shares of the company’s stock valued at $119,000 after buying an additional 1,257 shares in the last quarter. Finally, Levin Capital Strategies L.P. grew its holdings in shares of Mobileye Global by 11.1% during the second quarter. Levin Capital Strategies L.P. now owns 14,441 shares of the company’s stock valued at $406,000 after buying an additional 1,441 shares in the last quarter. Institutional investors own 13.25% of the company’s stock.

Mobileye Global Stock Performance

Mobileye Global stock opened at $16.76 on Friday. The firm has a market capitalization of $13.59 billion, a price-to-earnings ratio of -4.59 and a beta of 0.07. Mobileye Global has a fifty-two week low of $10.48 and a fifty-two week high of $44.48. The stock’s fifty day moving average is $13.49 and its two-hundred day moving average is $19.52.

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.