Mobileye Global (NASDAQ:MBLY) Price Target Raised to $17.00 at Mizuho

Mobileye Global (NASDAQ:MBLY) had its target price lifted by stock analysts at Mizuho from $15.00 to $17.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. Mizuho’s price target would suggest a potential downside of 2.91% from the company’s previous close.

A number of other research analysts have also weighed in on MBLY. JPMorgan Chase & Co. restated an “underweight” rating and set a $10.00 price objective (down previously from $16.00) on shares of Mobileye Global in a research report on Monday, October 7th. Wolfe Research raised Mobileye Global from a “peer perform” rating to an “outperform” rating in a research note on Thursday, December 5th. 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 note on Monday, November 4th. The Goldman Sachs Group lowered their target price on Mobileye Global from $24.00 to $20.00 and set a “buy” rating for the company in a research report on Tuesday, October 1st. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $15.00 price target on shares of Mobileye Global in a research report on Tuesday, September 10th. Three research analysts have rated the stock with a sell rating, ten have given a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Mobileye Global currently has an average rating of “Hold” and a consensus price target of $23.24.

Mobileye Global Stock Performance

Shares of NASDAQ:MBLY opened at $17.51 on Tuesday. The firm has a market cap of $14.20 billion, a price-to-earnings ratio of -4.80 and a beta of 0.43. The firm has a fifty day moving average price of $14.96 and a 200 day moving average price of $18.47. Mobileye Global has a fifty-two week low of $10.48 and a fifty-two week high of $44.48.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Rakuten Securities Inc. raised its stake in 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 buying an additional 1,061 shares in the last quarter. Quarry LP purchased a new stake in Mobileye Global during the third quarter valued at approximately $31,000. Cranbrook Wealth Management LLC acquired a new stake in Mobileye Global in the second quarter valued at approximately $84,000. Quest Partners LLC acquired a new stake in Mobileye Global in the third quarter valued at approximately $102,000. Finally, EverSource Wealth Advisors LLC grew its holdings in Mobileye Global by 1,019.9% in the second quarter. EverSource Wealth Advisors LLC now owns 3,819 shares of the company’s stock worth $107,000 after purchasing an additional 3,478 shares during the last quarter. Hedge funds and other institutional investors 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.