Mobileye Global Inc. (NASDAQ:MBLY) Receives $23.45 Consensus Target Price from Analysts

Mobileye Global Inc. (NASDAQ:MBLY) has earned an average recommendation of “Hold” from the twenty-four analysts that are currently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, ten have given a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $23.45.

MBLY has been the topic of several recent research reports. Royal Bank of Canada restated a “sector perform” rating and issued a $11.00 price target on shares of Mobileye Global in a research report on Thursday, December 5th. UBS Group cut Mobileye Global from a “buy” rating to a “neutral” rating and dropped their target price for the company from $20.00 to $14.00 in a report on Friday, October 4th. TD Cowen lifted their price target on Mobileye Global from $15.00 to $19.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Evercore ISI dropped their price objective on shares of Mobileye Global from $35.00 to $30.00 and set an “outperform” rating for the company in a report on Monday, October 14th. Finally, Mizuho lifted their target price on shares of Mobileye Global from $15.00 to $17.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 10th.

Hedge Funds Weigh In On Mobileye Global

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Versant Capital Management Inc raised its stake in shares of Mobileye Global by 580.0% in the fourth quarter. Versant Capital Management Inc now owns 1,326 shares of the company’s stock valued at $26,000 after acquiring an additional 1,131 shares in the last quarter. Tidal Investments LLC increased its holdings in Mobileye Global by 4.6% during the 3rd quarter. Tidal Investments LLC now owns 36,586 shares of the company’s stock worth $501,000 after purchasing an additional 1,617 shares during the period. Sanctuary Advisors LLC acquired a new stake in Mobileye Global in the 3rd quarter valued at about $273,000. Virtu Financial LLC acquired a new stake in Mobileye Global in the 3rd quarter valued at about $229,000. Finally, TCW Group Inc. boosted its stake in shares of Mobileye Global by 0.8% in the 3rd quarter. TCW Group Inc. now owns 412,651 shares of the company’s stock valued at $5,653,000 after buying an additional 3,388 shares during the period. Hedge funds and other institutional investors own 13.25% of the company’s stock.

Mobileye Global Trading Down 13.3 %

MBLY opened at $16.95 on Friday. Mobileye Global has a twelve month low of $10.48 and a twelve month high of $34.00. The firm has a market capitalization of $13.75 billion, a PE ratio of -4.64 and a beta of 0.30. The firm’s 50-day moving average price is $17.70 and its 200 day moving average price is $17.24.

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.