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

Mobileye Global (NASDAQ:MBLY - Get Free Report) had its target price upped by investment analysts at Piper Sandler from $16.00 to $17.00 in a report issued on Thursday,Benzinga reports. The brokerage currently has a "neutral" rating on the stock. Piper Sandler's target price points to a potential upside of 11.40% from the stock's current price.

A number of other brokerages also recently weighed in on MBLY. Oppenheimer started coverage on Mobileye Global in a report on Wednesday, January 15th. They set an "outperform" rating and a $28.00 price target for the company. Wolfe Research raised Mobileye Global from a "peer perform" rating to an "outperform" rating in a research note on Thursday, December 5th. Bank of America raised Mobileye Global from an "underperform" rating to a "neutral" rating and boosted their price target for the company from $12.00 to $19.00 in a research note on Monday, February 10th. Needham & Company LLC reaffirmed a "buy" rating and set a $20.00 price objective on shares of Mobileye Global in a research report on Friday, January 31st. Finally, Barclays boosted their target price on shares of Mobileye Global from $18.00 to $22.00 and gave the company an "overweight" rating in a research report on Wednesday, January 22nd. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $22.24.

Remove Ads

Mobileye Global Price Performance

Shares of Mobileye Global stock traded up $0.70 during midday trading on Thursday, reaching $15.26. The company had a trading volume of 3,147,050 shares, compared to its average volume of 5,188,767. The firm has a market cap of $12.38 billion, a PE ratio of -3.99, a P/E/G ratio of 69.54 and a beta of 0.29. The stock has a fifty day moving average price of $16.10 and a 200 day moving average price of $15.66. Mobileye Global has a fifty-two week low of $10.48 and a fifty-two week high of $34.00.

Mobileye Global (NASDAQ:MBLY - Get Free Report) last posted its quarterly earnings data on Thursday, January 30th. The company reported $0.04 EPS for the quarter, missing analysts' consensus estimates of $0.12 by ($0.08). Mobileye Global had a negative net margin of 186.82% and a negative return on equity of 0.34%. As a group, sell-side analysts forecast that Mobileye Global will post 0.01 EPS for the current year.

Institutional Investors Weigh In On Mobileye Global

A number of institutional investors have recently added to or reduced their stakes in MBLY. Parkside Financial Bank & Trust lifted its position in shares of Mobileye Global by 147.4% during the 4th quarter. Parkside Financial Bank & Trust now owns 1,237 shares of the company's stock worth $25,000 after buying an additional 737 shares in the last quarter. Global Retirement Partners LLC increased its position in shares of Mobileye Global by 136.9% during the fourth quarter. Global Retirement Partners LLC now owns 1,613 shares of the company's stock valued at $32,000 after acquiring an additional 932 shares during the last quarter. Versant Capital Management Inc lifted its holdings in Mobileye Global by 580.0% during the fourth quarter. Versant Capital Management Inc now owns 1,326 shares of the company's stock worth $26,000 after acquiring an additional 1,131 shares during the period. Daymark Wealth Partners LLC boosted its position in Mobileye Global by 10.9% in the fourth quarter. Daymark Wealth Partners LLC now owns 11,692 shares of the company's stock worth $233,000 after purchasing an additional 1,147 shares during the last quarter. Finally, FNY Investment Advisers LLC bought a new position in Mobileye Global in the 4th quarter valued at $30,000. 13.25% of the stock is 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.