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

Mobileye Global (NASDAQ:MBLY) had its price objective lifted by UBS Group from $14.00 to $17.00 in a research report report published on Thursday morning,Benzinga reports. UBS Group currently has a neutral rating on the stock.

MBLY has been the topic of a number of other research reports. JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a $10.00 price objective (down previously from $16.00) on shares of Mobileye Global in a research report on Monday, October 7th. TD Cowen increased their price objective on Mobileye Global from $15.00 to $19.00 and gave the company a “buy” rating in a report on Friday, November 1st. The Goldman Sachs Group dropped their target price on Mobileye Global from $24.00 to $20.00 and set a “buy” rating on the stock in a research note on Tuesday, October 1st. Barclays lowered their price target on Mobileye Global from $19.00 to $18.00 and set an “overweight” rating for the company in a report on Monday, November 4th. Finally, Robert W. Baird increased their price objective on shares of Mobileye Global from $17.00 to $18.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Mobileye Global presently has a consensus rating of “Hold” and a consensus target price of $23.81.

Mobileye Global Price Performance

Shares of NASDAQ MBLY opened at $16.02 on Thursday. Mobileye Global has a 1-year low of $10.48 and a 1-year high of $34.00. The business has a fifty day moving average price of $17.82 and a 200 day moving average price of $16.69. The stock has a market capitalization of $12.99 billion, a P/E ratio of -4.39, a price-to-earnings-growth ratio of 13.46 and a beta of 0.30.

Institutional Trading of Mobileye Global

A number of hedge funds have recently added to or reduced their stakes in MBLY. Commonwealth Equity Services LLC raised its position in shares of Mobileye Global by 39.8% in the second quarter. Commonwealth Equity Services LLC now owns 14,544 shares of the company’s stock worth $408,000 after acquiring an additional 4,141 shares during the period. Envestnet Asset Management Inc. boosted its position in Mobileye Global by 1.5% during the second quarter. Envestnet Asset Management Inc. now owns 394,835 shares of the company’s stock worth $11,089,000 after purchasing an additional 6,026 shares in the last quarter. Blair William & Co. IL boosted its position in Mobileye Global by 29.1% during the second quarter. Blair William & Co. IL now owns 8,869 shares of the company’s stock worth $249,000 after purchasing an additional 1,999 shares in the last quarter. Skandinaviska Enskilda Banken AB publ increased its position in shares of Mobileye Global by 55.1% in the second quarter. Skandinaviska Enskilda Banken AB publ now owns 40,257 shares of the company’s stock valued at $1,131,000 after buying an additional 14,300 shares in the last quarter. Finally, EverSource Wealth Advisors LLC raised its stake in shares of Mobileye Global by 1,019.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,819 shares of the company’s stock worth $107,000 after buying an additional 3,478 shares during the period. 13.25% of the stock is owned by hedge funds and other 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.