Mobileye Global (NASDAQ:MBLY) Now Covered by Analysts at Oppenheimer

Stock analysts at Oppenheimer began coverage on shares of Mobileye Global (NASDAQ:MBLY - Get Free Report) in a research note issued on Wednesday, MarketBeat reports. The brokerage set an "outperform" rating and a $28.00 price target on the stock. Oppenheimer's price target suggests a potential upside of 67.49% from the company's previous close.

MBLY has been the subject of a number of other reports. Loop Capital boosted their price target on shares of Mobileye Global from $20.00 to $23.00 and gave the company a "buy" rating in a research report on Wednesday, December 18th. UBS Group cut Mobileye Global from a "buy" rating to a "neutral" rating and decreased their target price for the company from $20.00 to $14.00 in a research report on Friday, October 4th. Needham & Company LLC reaffirmed a "buy" rating and set a $20.00 price target on shares of Mobileye Global in a research report on Wednesday, December 11th. TD Cowen boosted their price objective on Mobileye Global from $15.00 to $19.00 and gave the company a "buy" rating in a research note on Friday, November 1st. Finally, The Goldman Sachs Group lowered their target price on shares of Mobileye Global from $24.00 to $20.00 and set a "buy" rating on the stock in a research report on Tuesday, October 1st. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $23.81.

Mobileye Global Stock Performance

MBLY stock traded down $0.01 during midday trading on Wednesday, reaching $16.72. 4,806,472 shares of the company were exchanged, compared to its average volume of 9,762,170. The company has a market cap of $13.56 billion, a price-to-earnings ratio of -4.59, a price-to-earnings-growth ratio of 13.46 and a beta of 0.30. Mobileye Global has a 1-year low of $10.48 and a 1-year high of $34.00. The stock's 50-day simple moving average is $17.83 and its 200 day simple moving average is $16.85.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Rakuten Securities Inc. lifted its holdings in Mobileye Global by 140.2% in the third quarter. Rakuten Securities Inc. now owns 1,818 shares of the company's stock valued at $25,000 after acquiring an additional 1,061 shares during the period. Versant Capital Management Inc lifted its stake in shares of Mobileye Global by 580.0% in the fourth quarter. Versant Capital Management Inc now owns 1,326 shares of the company's stock valued at $26,000 after purchasing an additional 1,131 shares during the period. FNY Investment Advisers LLC purchased a new stake in Mobileye Global during the fourth quarter worth about $30,000. Quarry LP acquired a new position in Mobileye Global during the third quarter worth about $31,000. Finally, Quest Partners LLC purchased a new position in Mobileye Global in the third quarter valued at about $102,000. Institutional investors and hedge funds 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.