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

Mobileye Global (NASDAQ:MBLY - Get Free Report)'s stock had its "buy" rating reiterated by equities researchers at Needham & Company LLC in a research note issued on Wednesday,Benzinga reports. They currently have a $20.00 price target on the stock. Needham & Company LLC's price objective indicates a potential upside of 17.37% from the company's previous close.

Other analysts have also issued reports about the stock. Robert W. Baird upped 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. BNP Paribas cut shares of Mobileye Global from a "neutral" rating to an "underperform" rating and set a $12.00 target price on the stock. in a report on Wednesday, October 2nd. Mizuho raised their target price on shares of Mobileye Global from $15.00 to $17.00 and gave the company a "neutral" rating in a research note on Tuesday. 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 research note on Tuesday, October 1st. Finally, Evercore ISI decreased their target price on Mobileye Global from $35.00 to $30.00 and set an "outperform" rating on the stock in a report on Monday, October 14th. Three 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 MarketBeat, Mobileye Global currently has an average rating of "Hold" and an average price target of $23.24.

Mobileye Global Trading Up 0.4 %

Shares of NASDAQ:MBLY traded up $0.06 during trading on Wednesday, hitting $17.04. 4,909,685 shares of the company were exchanged, compared to its average volume of 5,162,886. Mobileye Global has a fifty-two week low of $10.48 and a fifty-two week high of $44.48. The stock has a market cap of $13.82 billion, a price-to-earnings ratio of -4.65 and a beta of 0.43. The firm has a fifty day moving average price of $15.03 and a two-hundred day moving average price of $18.41.

Institutional Trading of Mobileye Global

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