Mobileye Global (NASDAQ:MBLY) Given New $18.00 Price Target at The Goldman Sachs Group

Mobileye Global (NASDAQ:MBLY - Get Free Report) had its price objective dropped by research analysts at The Goldman Sachs Group from $20.00 to $18.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm currently has a "buy" rating on the stock. The Goldman Sachs Group's price objective suggests a potential upside of 13.07% from the stock's current price.

MBLY has been the topic of a number of other reports. JPMorgan Chase & Co. reiterated an "underweight" rating and set a $10.00 price objective (down from $16.00) on shares of Mobileye Global in a research note on Monday, October 7th. TD Cowen increased their target price on shares of Mobileye Global from $15.00 to $19.00 and gave the stock a "buy" rating in a report on Friday, November 1st. Oppenheimer assumed coverage on Mobileye Global in a report on Wednesday, January 15th. They set an "outperform" rating and a $28.00 target price on the stock. Needham & Company LLC reissued a "buy" rating and issued a $20.00 target price on shares of Mobileye Global in a report on Friday. Finally, Robert W. Baird lifted their price objective on Mobileye Global from $17.00 to $18.00 and gave the stock an "outperform" rating in a report on Friday, November 1st. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $23.05.

Mobileye Global Stock Performance

Shares of NASDAQ MBLY traded down $0.11 during trading on Friday, hitting $15.92. 3,032,473 shares of the company traded hands, compared to its average volume of 8,014,294. Mobileye Global has a fifty-two week low of $10.48 and a fifty-two week high of $34.00. The business's fifty day moving average is $17.72 and its 200 day moving average is $15.79. The firm has a market capitalization of $12.91 billion, a price-to-earnings ratio of -4.17, a P/E/G ratio of 11.32 and a beta of 0.26.

Mobileye Global (NASDAQ:MBLY - Get Free Report) last released its quarterly earnings results on Thursday, January 30th. The company reported $0.04 earnings per share 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 0.33%. On average, analysts predict that Mobileye Global will post 0.21 EPS for the current year.

Institutional Investors Weigh In On Mobileye Global

Hedge funds have recently made changes to their positions in the company. Versant Capital Management Inc boosted its stake 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 buying an additional 1,131 shares during the period. FNY Investment Advisers LLC bought a new stake in Mobileye Global during the fourth quarter valued at about $30,000. Global Retirement Partners LLC grew its holdings in Mobileye Global by 136.9% in the fourth quarter. Global Retirement Partners LLC now owns 1,613 shares of the company's stock worth $32,000 after purchasing an additional 932 shares during the last quarter. Rakuten Securities Inc. increased its holdings in shares of Mobileye Global by 140.2% during 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 in the last quarter. Finally, Quarry LP purchased a new position in Mobileye Global in the 3rd quarter worth $31,000. 13.25% of the stock is currently owned by hedge funds and other institutional investors.

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.