Mobileye Global (NASDAQ:MBLY) Earns “Buy” Rating from Needham & Company LLC

Mobileye Global (NASDAQ:MBLY)‘s stock had its “buy” rating reiterated by investment analysts at Needham & Company LLC in a report issued on Wednesday,Benzinga reports. They presently have a $20.00 target price on the stock. Needham & Company LLC’s price objective suggests a potential upside of 17.79% from the stock’s current price.

Several other brokerages also recently commented on MBLY. UBS Group downgraded shares of Mobileye Global from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $20.00 to $14.00 in a research note on Friday, October 4th. BNP Paribas downgraded Mobileye Global from a “neutral” rating to an “underperform” rating and set a $12.00 price objective on the stock. in a report on Wednesday, October 2nd. Barclays reduced their price objective on Mobileye Global from $19.00 to $18.00 and set an “overweight” rating on the stock in a research report on Monday, November 4th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $11.00 target price on shares of Mobileye Global in a research report on Thursday, December 5th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $15.00 price target on shares of Mobileye Global in a report on Tuesday, September 10th. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $23.24.

Mobileye Global Stock Down 3.0 %

Mobileye Global stock opened at $16.98 on Wednesday. The stock has a market cap of $13.77 billion, a PE ratio of -4.65 and a beta of 0.43. Mobileye Global has a 12-month low of $10.48 and a 12-month high of $44.48. The business’s 50-day moving average price is $15.03 and its two-hundred day moving average price is $18.41.

Hedge Funds Weigh In On Mobileye Global

Institutional investors and hedge funds have recently modified their holdings of the business. Tidal Investments LLC lifted its position in shares of Mobileye Global by 4.6% during the 3rd quarter. Tidal Investments LLC now owns 36,586 shares of the company’s stock valued at $501,000 after acquiring an additional 1,617 shares during the period. Sanctuary Advisors LLC acquired a new position in shares of Mobileye Global during the third quarter valued at about $273,000. Virtu Financial LLC bought a new position in shares of Mobileye Global during the 3rd quarter worth about $229,000. TCW Group Inc. grew its stake in shares of Mobileye Global by 0.8% in the 3rd quarter. TCW Group Inc. now owns 412,651 shares of the company’s stock valued at $5,653,000 after buying an additional 3,388 shares during the period. Finally, Geode Capital Management LLC increased its position in Mobileye Global by 24.2% in the 3rd quarter. Geode Capital Management LLC now owns 1,431,325 shares of the company’s stock valued at $19,615,000 after buying an additional 279,082 shares in the last quarter. 13.25% of the stock is currently owned by 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.