Mobileye Global (NASDAQ:MBLY) Stock Price Expected to Rise, Tigress Financial Analyst Says

Mobileye Global (NASDAQ:MBLY) had its target price boosted by analysts at Tigress Financial from $22.00 to $25.00 in a note issued to investors on Thursday,Benzinga reports. The firm presently has a “buy” rating on the stock. Tigress Financial’s target price suggests a potential upside of 90.11% from the stock’s previous close.

A number of other research firms also recently commented on MBLY. Wall Street Zen downgraded Mobileye Global from a “buy” rating to a “hold” rating in a report on Sunday, August 10th. Wells Fargo & Company lifted their target price on Mobileye Global from $18.00 to $24.00 and gave the stock an “overweight” rating in a report on Wednesday, July 9th. Zacks Research raised Mobileye Global from a “hold” rating to a “strong-buy” rating in a report on Friday, October 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 report on Monday, October 6th. Finally, JPMorgan Chase & Co. lifted their target price on Mobileye Global from $10.00 to $12.00 and gave the stock an “underweight” rating in a report on Thursday, July 17th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $18.94.

Mobileye Global Stock Performance

Shares of NASDAQ MBLY opened at $13.15 on Thursday. The company has a market cap of $10.72 billion, a PE ratio of -31.31, a P/E/G ratio of 8.01 and a beta of 0.52. The business has a 50-day simple moving average of $14.25 and a two-hundred day simple moving average of $15.06. Mobileye Global has a fifty-two week low of $11.58 and a fifty-two week high of $22.51.

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

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Rhumbline Advisers purchased a new position in Mobileye Global during the first quarter valued at approximately $27,000. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of Mobileye Global in the second quarter valued at approximately $31,000. Tower Research Capital LLC TRC increased its position in shares of Mobileye Global by 464.0% in the second quarter. Tower Research Capital LLC TRC now owns 3,288 shares of the company’s stock valued at $59,000 after buying an additional 2,705 shares in the last quarter. KBC Group NV purchased a new stake in shares of Mobileye Global in the second quarter valued at approximately $65,000. Finally, CoreCap Advisors LLC increased its position in shares of Mobileye Global by 1,337.3% in the third quarter. CoreCap Advisors LLC now owns 5,476 shares of the company’s stock valued at $77,000 after buying an additional 5,095 shares in the last quarter. 13.25% of the stock is currently owned by hedge funds and other institutional investors.

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.