Mobileye Global (NASDAQ:MBLY) Price Target Raised to $17.00 at UBS Group

Mobileye Global (NASDAQ:MBLY) had its target price hoisted by equities researchers at UBS Group from $14.00 to $17.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. UBS Group’s price target indicates a potential upside of 1.43% from the stock’s current price.

MBLY has been the topic of a number of other research reports. Wolfe Research upgraded shares of Mobileye Global from a “peer perform” rating to an “outperform” rating in a research report on Thursday, December 5th. Canaccord Genuity Group reduced 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. Mizuho boosted their target price on Mobileye Global from $15.00 to $17.00 and gave the company a “neutral” rating in a research note on Tuesday, December 10th. JPMorgan Chase & Co. restated an “underweight” rating and set a $10.00 price target (down from $16.00) on shares of Mobileye Global in a research report on Monday, October 7th. Finally, BNP Paribas downgraded Mobileye Global from a “neutral” rating to an “underperform” rating and set a $12.00 price objective for the company. in a research report on Wednesday, October 2nd. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Mobileye Global has a consensus rating of “Hold” and a consensus target price of $23.81.

Mobileye Global Trading Up 0.2 %

Shares of MBLY traded up $0.03 during midday trading on Thursday, reaching $16.76. The stock had a trading volume of 4,596,319 shares, compared to its average volume of 9,762,170. Mobileye Global has a 12-month low of $10.48 and a 12-month high of $34.00. The company’s 50-day moving average is $17.83 and its 200 day moving average is $16.85. The company has a market capitalization of $13.59 billion, a price-to-earnings ratio of -4.59, a price-to-earnings-growth ratio of 13.46 and a beta of 0.30.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Commonwealth Equity Services LLC raised its holdings in Mobileye Global by 39.8% in the second quarter. Commonwealth Equity Services LLC now owns 14,544 shares of the company’s stock worth $408,000 after purchasing an additional 4,141 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in shares of Mobileye Global by 1.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 394,835 shares of the company’s stock worth $11,089,000 after acquiring an additional 6,026 shares in the last quarter. Blair William & Co. IL lifted its position in Mobileye Global by 29.1% during the 2nd quarter. Blair William & Co. IL now owns 8,869 shares of the company’s stock valued at $249,000 after acquiring an additional 1,999 shares during the period. Skandinaviska Enskilda Banken AB publ lifted its position in Mobileye Global by 55.1% during the 2nd quarter. Skandinaviska Enskilda Banken AB publ now owns 40,257 shares of the company’s stock valued at $1,131,000 after acquiring an additional 14,300 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its stake in Mobileye Global by 1,019.9% during the second quarter. EverSource Wealth Advisors LLC now owns 3,819 shares of the company’s stock worth $107,000 after acquiring an additional 3,478 shares in the last quarter. 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.