Barclays Forecasts Strong Price Appreciation for Mobileye Global (NASDAQ:MBLY) Stock

Mobileye Global (NASDAQ:MBLY) had its price objective lifted by analysts at Barclays from $18.00 to $22.00 in a research note issued on Wednesday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Barclays‘s target price would indicate a potential upside of 30.72% from the company’s previous close.

A number of other brokerages have also commented on MBLY. Canaccord Genuity Group decreased their price objective on Mobileye Global from $27.00 to $25.00 and set a “buy” rating for the company in a report on Friday, November 1st. Oppenheimer initiated coverage on Mobileye Global in a report on Wednesday, January 15th. They set an “outperform” rating and a $28.00 price target for the company. Royal Bank of Canada restated a “sector perform” rating and set a $11.00 price objective on shares of Mobileye Global in a research note on Thursday, December 5th. UBS Group upped their target price on shares of Mobileye Global from $14.00 to $17.00 and gave the stock a “neutral” rating in a research note on Thursday, January 16th. Finally, JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $10.00 target price (down previously from $16.00) on shares of Mobileye Global in a report on Monday, October 7th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $23.20.

Mobileye Global Price Performance

NASDAQ:MBLY opened at $16.83 on Wednesday. Mobileye Global has a one year low of $10.48 and a one year high of $34.00. The company has a market cap of $13.65 billion, a PE ratio of -4.61, a PEG ratio of 11.42 and a beta of 0.30. The firm has a 50-day moving average of $17.83 and a 200-day moving average of $16.46.

Institutional Investors Weigh In On Mobileye Global

Hedge funds have recently bought and sold shares of the business. The Manufacturers Life Insurance Company lifted its holdings in shares of Mobileye Global by 49.8% during the third quarter. The Manufacturers Life Insurance Company now owns 13,590,818 shares of the company’s stock valued at $186,194,000 after purchasing an additional 4,517,217 shares during the last quarter. Loomis Sayles & Co. L P increased its position in Mobileye Global by 85.3% during the 3rd quarter. Loomis Sayles & Co. L P now owns 1,668,331 shares of the company’s stock valued at $22,856,000 after buying an additional 768,169 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Mobileye Global by 168.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,526,234 shares of the company’s stock worth $20,909,000 after acquiring an additional 957,565 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Mobileye Global by 24.2% in the third quarter. Geode Capital Management LLC now owns 1,431,325 shares of the company’s stock worth $19,615,000 after acquiring an additional 279,082 shares during the last quarter. Finally, Raymond James & Associates increased its holdings in shares of Mobileye Global by 81.3% during the third quarter. Raymond James & Associates now owns 609,841 shares of the company’s stock valued at $8,355,000 after acquiring an additional 273,424 shares in the last quarter. Institutional investors own 13.25% of the company’s stock.

About Mobileye Global

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.