Mobileye Global (NASDAQ:MBLY) Price Target Raised to $37.00 at TD Cowen

Mobileye Global (NASDAQ:MBLY) had its price target raised by stock analysts at TD Cowen from $35.00 to $37.00 in a note issued to investors on Friday, MarketBeat reports. The brokerage presently has a “buy” rating on the stock. TD Cowen’s price objective would suggest a potential upside of 26.71% from the stock’s previous close.

Several other equities analysts also recently weighed in on the company. Royal Bank of Canada lowered their target price on Mobileye Global from $45.00 to $39.00 and set an “outperform” rating on the stock in a research report on Friday, January 26th. Barclays lowered their price objective on Mobileye Global from $46.00 to $43.00 and set an “overweight” rating on the stock in a research report on Friday, January 26th. Morgan Stanley downgraded Mobileye Global from an “equal weight” rating to an “underweight” rating and lowered their price objective for the company from $26.00 to $25.00 in a research report on Friday. Mizuho lowered their price objective on Mobileye Global from $42.00 to $38.00 and set a “buy” rating on the stock in a research report on Friday, January 26th. Finally, JPMorgan Chase & Co. boosted their price objective on Mobileye Global from $34.00 to $38.00 and gave the company an “overweight” rating in a research report on Thursday, April 11th. Three investment analysts have rated the stock with a sell rating, one has issued a hold rating and fifteen have given a buy rating to the company’s stock. According to data from MarketBeat, Mobileye Global currently has an average rating of “Moderate Buy” and an average target price of $41.70.

Mobileye Global Stock Performance

NASDAQ MBLY opened at $29.20 on Friday. The company has a market capitalization of $23.54 billion, a PE ratio of -139.05, a price-to-earnings-growth ratio of 13.57 and a beta of -0.21. The business’s fifty day moving average is $29.23 and its 200 day moving average is $33.36. Mobileye Global has a fifty-two week low of $23.49 and a fifty-two week high of $47.41.

Mobileye Global (NASDAQ:MBLY) last released its earnings results on Thursday, January 25th. The company reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.01. The company had revenue of $637.00 million for the quarter, compared to the consensus estimate of $637.53 million. Mobileye Global had a positive return on equity of 1.75% and a negative net margin of 8.92%. Mobileye Global’s quarterly revenue was up 12.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.27 earnings per share. On average, sell-side analysts forecast that Mobileye Global will post 0.14 EPS for the current year.

Insiders Place Their Bets

In related news, Director Patrick P. Gelsinger acquired 3,600 shares of Mobileye Global stock in a transaction on Monday, January 29th. The shares were bought at an average cost of $27.75 per share, with a total value of $99,900.00. Following the completion of the purchase, the director now directly owns 129,095 shares of the company’s stock, valued at approximately $3,582,386.25. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 2.60% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Mobileye Global

Several large investors have recently added to or reduced their stakes in the stock. Pinnacle Associates Ltd. increased its stake in Mobileye Global by 15.7% during the first quarter. Pinnacle Associates Ltd. now owns 8,840 shares of the company’s stock worth $284,000 after acquiring an additional 1,200 shares during the last quarter. Peregrine Capital Management LLC bought a new position in shares of Mobileye Global during the first quarter valued at approximately $34,684,000. Verdence Capital Advisors LLC bought a new position in shares of Mobileye Global during the first quarter valued at approximately $465,000. Long Run Wealth Advisors LLC grew its stake in shares of Mobileye Global by 23.5% during the first quarter. Long Run Wealth Advisors LLC now owns 71,945 shares of the company’s stock valued at $2,313,000 after buying an additional 13,684 shares during the last quarter. Finally, Newbridge Financial Services Group Inc. grew its stake in shares of Mobileye Global by 94.7% during the first quarter. Newbridge Financial Services Group Inc. now owns 3,449 shares of the company’s stock valued at $111,000 after buying an additional 1,678 shares during the last quarter. 13.25% of the stock is owned by institutional investors.

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.