Mizuho Lowers Mobileye Global (NASDAQ:MBLY) Price Target to $15.00

Mobileye Global (NASDAQ:MBLY) had its target price reduced by equities researchers at Mizuho from $17.00 to $15.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm presently has a “neutral” rating on the stock. Mizuho’s price objective suggests a potential upside of 11.61% from the company’s previous close.

Several other research analysts have also issued reports on the company. Wall Street Zen lowered Mobileye Global from a “buy” rating to a “hold” rating in a research report on Sunday, August 10th. Bank of America decreased their target price on Mobileye Global from $18.00 to $16.00 and set a “neutral” rating for the company in a research report on Wednesday, September 10th. Deutsche Bank Aktiengesellschaft raised Mobileye Global from a “hold” rating to a “buy” rating and set a $19.00 target price for the company in a research report on Monday, October 6th. Robert W. Baird reduced their price objective on Mobileye Global from $22.00 to $19.00 and set an “outperform” rating for the company in a research report on Wednesday, September 3rd. Finally, TD Cowen reduced their price objective on Mobileye Global from $18.00 to $16.00 and set a “buy” rating for the company in a research report on Friday. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $18.59.

Mobileye Global Stock Performance

NASDAQ MBLY opened at $13.44 on Friday. Mobileye Global has a fifty-two week low of $11.58 and a fifty-two week high of $22.51. The stock has a 50 day simple moving average of $14.34 and a two-hundred day simple moving average of $15.08. The stock has a market cap of $10.95 billion, a P/E ratio of -32.00, a price-to-earnings-growth ratio of 8.24 and a beta of 0.52.

Mobileye Global (NASDAQ:MBLY) last announced its earnings results on Thursday, October 23rd. The company reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.01. Mobileye Global had a positive return on equity of 0.68% and a negative net margin of 17.34%.The firm had revenue of $504.00 million during the quarter, compared to analyst estimates of $479.93 million. During the same quarter in the prior year, the company earned $0.10 EPS. The business’s revenue was up 3.7% compared to the same quarter last year. Mobileye Global has set its FY 2025 guidance at EPS. Sell-side analysts predict that Mobileye Global will post 0.01 earnings per share for the current year.

Institutional Trading of Mobileye Global

A number of institutional investors and hedge funds have recently modified their holdings of MBLY. Cubist Systematic Strategies LLC increased its holdings in shares of Mobileye Global by 218.7% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 1,593,168 shares of the company’s stock worth $28,645,000 after purchasing an additional 1,093,289 shares in the last quarter. Invesco Ltd. bought a new stake in shares of Mobileye Global in the 2nd quarter worth $19,393,000. Jump Financial LLC bought a new stake in shares of Mobileye Global in the 2nd quarter worth $17,987,000. Migdal Insurance & Financial Holdings Ltd. increased its holdings in shares of Mobileye Global by 433.7% in the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 891,779 shares of the company’s stock worth $12,837,000 after purchasing an additional 724,695 shares in the last quarter. Finally, Engineers Gate Manager LP increased its holdings in shares of Mobileye Global by 266.6% in the 2nd quarter. Engineers Gate Manager LP now owns 982,540 shares of the company’s stock worth $17,666,000 after purchasing an additional 714,507 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.