Mobileye Global (NASDAQ:MBLY) Price Target Raised to $15.00

Mobileye Global (NASDAQ:MBLY) had its price objective lifted by Mizuho from $13.00 to $15.00 in a report issued on Monday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. Mizuho’s target price would indicate a potential downside of 10.39% from the stock’s current price.

Several other analysts have also weighed in on the company. TD Cowen increased their price target on Mobileye Global from $15.00 to $19.00 and gave the company a “buy” rating in a report on Friday, November 1st. Robert W. Baird increased their target price on Mobileye Global from $17.00 to $18.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. BNP Paribas downgraded Mobileye Global from a “neutral” rating to an “underperform” rating and set a $12.00 price target on the stock. in a research report on Wednesday, October 2nd. Daiwa America downgraded Mobileye Global from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 5th. Finally, Royal Bank of Canada downgraded Mobileye Global from an “outperform” rating to a “sector perform” rating and dropped their price target for the stock from $24.00 to $11.00 in a research report on Tuesday, October 15th. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $23.14.

Mobileye Global Trading Up 11.7 %

NASDAQ:MBLY traded up $1.75 during midday trading on Monday, hitting $16.74. 4,409,327 shares of the company traded hands, compared to its average volume of 5,066,916. The firm’s fifty day moving average is $13.26 and its 200-day moving average is $19.71. Mobileye Global has a 12-month low of $10.48 and a 12-month high of $44.48. The firm has a market capitalization of $13.58 billion, a P/E ratio of -4.59 and a beta of 0.07.

Institutional Trading of Mobileye Global

Several institutional investors have recently bought and sold shares of MBLY. Rakuten Securities Inc. boosted its stake in shares of Mobileye Global by 140.2% in the third quarter. Rakuten Securities Inc. now owns 1,818 shares of the company’s stock worth $25,000 after acquiring an additional 1,061 shares during the last quarter. Quarry LP purchased a new stake in Mobileye Global in the third quarter valued at $31,000. Cranbrook Wealth Management LLC purchased a new stake in Mobileye Global in the second quarter valued at $84,000. Natixis Investment Managers International purchased a new stake in shares of Mobileye Global in the 1st quarter valued at $99,000. Finally, Quest Partners LLC purchased a new stake in shares of Mobileye Global in the 3rd quarter valued at $102,000. 13.25% of the stock is owned by institutional investors and hedge funds.

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.