Mobileye Global (NASDAQ:MBLY) Price Target Cut to $10.00 by Analysts at JPMorgan Chase & Co.

Mobileye Global (NASDAQ:MBLY - Get Free Report) had its target price decreased by investment analysts at JPMorgan Chase & Co. from $11.00 to $10.00 in a report issued on Thursday,Benzinga reports. The firm currently has an "underweight" rating on the stock. JPMorgan Chase & Co.'s price target would suggest a potential downside of 16.68% from the stock's current price.

Other equities analysts have also recently issued research reports about the stock. Barclays reaffirmed an "equal weight" rating and set a $14.00 price objective (down previously from $22.00) on shares of Mobileye Global in a research report on Tuesday, April 15th. Oppenheimer initiated coverage on Mobileye Global in a report on Wednesday, January 15th. They issued an "outperform" rating and a $28.00 price objective on the stock. Loop Capital raised their target price on Mobileye Global from $20.00 to $23.00 and gave the company a "buy" rating in a report on Wednesday, December 18th. Needham & Company LLC reissued a "buy" rating and set a $20.00 price target on shares of Mobileye Global in a research report on Wednesday, March 26th. Finally, The Goldman Sachs Group decreased their price target on shares of Mobileye Global from $20.00 to $17.00 and set a "buy" rating for the company in a research report on Thursday, April 10th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Mobileye Global currently has an average rating of "Hold" and a consensus target price of $20.55.

Mobileye Global Trading Up 2.0 %

Mobileye Global stock traded up $0.23 during midday trading on Thursday, hitting $12.00. 1,197,373 shares of the stock were exchanged, compared to its average volume of 5,408,823. The stock has a market capitalization of $9.73 billion, a price-to-earnings ratio of -3.15, a PEG ratio of 69.54 and a beta of 0.39. The stock's 50-day simple moving average is $14.92 and its 200 day simple moving average is $15.87. Mobileye Global has a fifty-two week low of $10.48 and a fifty-two week high of $33.26.

Mobileye Global (NASDAQ:MBLY - Get Free Report) last issued its quarterly earnings data on Thursday, January 30th. The company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.08). Mobileye Global had a negative return on equity of 0.34% and a negative net margin of 186.82%. Equities analysts anticipate that Mobileye Global will post 0.01 EPS for the current fiscal year.

Hedge Funds Weigh In On Mobileye Global

Several large investors have recently bought and sold shares of the stock. Norges Bank acquired a new stake in shares of Mobileye Global in the 4th quarter valued at about $95,937,000. Dimensional Fund Advisors LP purchased a new stake in Mobileye Global in the fourth quarter valued at approximately $27,155,000. Light Street Capital Management LLC acquired a new stake in shares of Mobileye Global in the fourth quarter valued at approximately $15,276,000. Yiheng Capital Management L.P. purchased a new position in shares of Mobileye Global during the fourth quarter worth approximately $14,940,000. Finally, Susquehanna Fundamental Investments LLC acquired a new position in shares of Mobileye Global in the 4th quarter valued at $13,897,000. Institutional investors and hedge funds own 13.25% of the company's stock.

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.