Mobileye Global (NASDAQ:MBLY) Price Target Cut to $53.00

Mobileye Global (NASDAQ:MBLY) had its price objective trimmed by Citigroup from $58.00 to $53.00 in a research note published on Monday morning, Benzinga reports. The brokerage currently has a buy rating on the stock.

Several other analysts also recently weighed in on MBLY. Barclays reduced their price objective on shares of Mobileye Global from $46.00 to $43.00 and set an overweight rating for the company in a research report on Friday, January 26th. Needham & Company LLC restated a buy rating and issued a $36.00 price objective on shares of Mobileye Global in a research note on Friday. Bank of America lowered Mobileye Global from a neutral rating to an underperform rating and dropped their price objective for the stock from $47.00 to $22.00 in a report on Thursday, January 4th. Wolfe Research raised Mobileye Global from a peer perform rating to an outperform rating and set a $41.00 target price for the company in a report on Friday, April 12th. Finally, TD Cowen raised their price target on Mobileye Global from $35.00 to $37.00 and gave the stock a buy rating in a research note on Friday. Three analysts have rated the stock with a sell rating, one has issued a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of Moderate Buy and an average price target of $40.58.

Mobileye Global Stock Performance

MBLY stock opened at $28.00 on Monday. The business has a 50 day moving average price of $29.27 and a 200 day moving average price of $33.27. Mobileye Global has a fifty-two week low of $23.49 and a fifty-two week high of $47.41.

Institutional Investors Weigh In On Mobileye Global

A number of institutional investors have recently added to or reduced their stakes in MBLY. CWM LLC acquired a new stake in shares of Mobileye Global in the 3rd quarter valued at approximately $25,000. Principal Securities Inc. purchased a new position in Mobileye Global in the fourth quarter worth $28,000. Register Financial Advisors LLC acquired a new stake in Mobileye Global in the first quarter valued at $32,000. Cary Street Partners Investment Advisory LLC purchased a new stake in shares of Mobileye Global during the 3rd quarter worth $35,000. Finally, Venturi Wealth Management LLC grew its stake in shares of Mobileye Global by 33.3% during the 3rd quarter. Venturi Wealth Management LLC now owns 1,200 shares of the company’s stock worth $50,000 after purchasing an additional 300 shares during the period. Hedge funds and other institutional investors own 13.25% of the company’s stock.

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.