Mobileye Global (NASDAQ:MBLY) Price Target Raised to $23.00

Mobileye Global (NASDAQ:MBLY) had its target price hoisted by analysts at Loop Capital from $20.00 to $23.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm presently has a “buy” rating on the stock. Loop Capital’s target price suggests a potential upside of 20.67% from the stock’s previous close.

Several other equities research analysts also recently issued reports on the company. The Goldman Sachs Group dropped their price objective on Mobileye Global from $24.00 to $20.00 and set a “buy” rating on the stock in a report on Tuesday, October 1st. Canaccord Genuity Group cut their price target on shares of Mobileye Global from $27.00 to $25.00 and set a “buy” rating on the stock in a report on Friday, November 1st. Royal Bank of Canada reissued a “sector perform” rating and set a $11.00 price objective on shares of Mobileye Global in a report on Thursday, December 5th. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $10.00 price target (down previously from $16.00) on shares of Mobileye Global in a research report on Monday, October 7th. Finally, Robert W. Baird raised their price target on shares of Mobileye Global from $17.00 to $18.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Mobileye Global currently has an average rating of “Hold” and an average target price of $23.38.

Mobileye Global Stock Down 3.0 %

Shares of Mobileye Global stock traded down $0.58 during trading hours on Wednesday, hitting $19.06. The company’s stock had a trading volume of 1,945,128 shares, compared to its average volume of 5,189,727. The company has a market capitalization of $15.46 billion, a PE ratio of -5.22 and a beta of 0.44. The business has a fifty day moving average of $15.58 and a 200 day moving average of $18.14. Mobileye Global has a 1-year low of $10.48 and a 1-year high of $44.48.

Institutional Investors Weigh In On Mobileye Global

A number of large investors have recently made changes to their positions in the company. BCGM Wealth Management LLC raised its stake in shares of Mobileye Global by 178.0% in the 3rd quarter. BCGM Wealth Management LLC now owns 190,595 shares of the company’s stock valued at $2,611,000 after acquiring an additional 122,031 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Mobileye Global by 168.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,526,234 shares of the company’s stock valued at $20,909,000 after buying an additional 957,565 shares during the period. Raymond James & Associates grew its position in shares of Mobileye Global by 258.7% during the 2nd quarter. Raymond James & Associates now owns 336,417 shares of the company’s stock worth $9,448,000 after buying an additional 242,640 shares during the period. AXA S.A. raised its stake in Mobileye Global by 35.6% during the 2nd quarter. AXA S.A. now owns 518,076 shares of the company’s stock worth $14,550,000 after buying an additional 135,967 shares during the period. Finally, PFG Investments LLC bought a new position in Mobileye Global in the third quarter valued at approximately $635,000. Institutional investors and hedge funds own 13.25% of the company’s stock.

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.