Brokerages Set Mobileye Global Inc. (NASDAQ:MBLY) Price Target at $23.45

Shares of Mobileye Global Inc. (NASDAQ:MBLY) have been given a consensus rating of “Hold” by the twenty-four analysts that are presently covering the company, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, ten have given a hold recommendation, eleven have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $23.45.

A number of brokerages recently weighed in on MBLY. Needham & Company LLC reaffirmed a “buy” rating and set a $20.00 price objective on shares of Mobileye Global in a report on Wednesday, December 11th. Canaccord Genuity Group lowered their price target on shares of Mobileye Global from $27.00 to $25.00 and set a “buy” rating on the stock in a research note on Friday, November 1st. Robert W. Baird raised their price objective on shares of Mobileye Global from $17.00 to $18.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. UBS Group lowered shares of Mobileye Global from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $20.00 to $14.00 in a research report on Friday, October 4th. Finally, The Goldman Sachs Group reduced their price target on shares of Mobileye Global from $24.00 to $20.00 and set a “buy” rating for the company in a research report on Tuesday, October 1st.

Mobileye Global Trading Up 0.6 %

NASDAQ MBLY opened at $21.84 on Friday. The business’s 50 day moving average is $17.48 and its two-hundred day moving average is $17.29. The stock has a market capitalization of $17.71 billion, a price-to-earnings ratio of -5.98 and a beta of 0.30. Mobileye Global has a 12-month low of $10.48 and a 12-month high of $34.00.

Institutional Trading of Mobileye Global

Hedge funds and other institutional investors have recently bought and sold shares of the company. Rakuten Securities Inc. lifted its stake in shares of Mobileye Global by 140.2% during the 3rd quarter. Rakuten Securities Inc. now owns 1,818 shares of the company’s stock worth $25,000 after purchasing an additional 1,061 shares during the period. Versant Capital Management Inc lifted its position in Mobileye Global by 580.0% during the fourth quarter. Versant Capital Management Inc now owns 1,326 shares of the company’s stock worth $26,000 after buying an additional 1,131 shares during the period. Quarry LP purchased a new position in Mobileye Global during the third quarter worth about $31,000. Cranbrook Wealth Management LLC acquired a new stake in Mobileye Global in the 2nd quarter worth about $84,000. Finally, Quest Partners LLC acquired a new position in shares of Mobileye Global during the 3rd quarter valued at about $102,000. 13.25% of the stock is owned by hedge funds and other 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.