Mobileye Global (NASDAQ:MBLY) Price Target Raised to $15.00 at Mizuho

Mobileye Global (NASDAQ:MBLY - Free Report) had its target price lifted by Mizuho from $13.00 to $15.00 in a research note published on Monday morning,Benzinga reports. Mizuho currently has a neutral rating on the stock.

Other equities research analysts have also recently issued research reports about the stock. Deutsche Bank Aktiengesellschaft restated a "hold" rating and issued a $15.00 price target on shares of Mobileye Global in a research report on Tuesday, September 10th. Loop Capital began coverage on Mobileye Global in a research note on Tuesday, November 12th. They set a "buy" rating and a $20.00 price objective on the stock. Barclays reduced their target price on shares of Mobileye Global from $19.00 to $18.00 and set an "overweight" rating on the stock in a research note on Monday, November 4th. JPMorgan Chase & Co. reissued an "underweight" rating and set a $10.00 price target (down from $16.00) on shares of Mobileye Global in a research note on Monday, October 7th. Finally, TD Cowen lifted their price objective on shares of Mobileye Global from $15.00 to $19.00 and gave the company a "buy" rating in a report on Friday, November 1st. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $23.14.

Mobileye Global Stock Up 12.2 %

NASDAQ MBLY traded up $1.83 during trading on Monday, hitting $16.82. 9,727,602 shares of the stock traded hands, compared to its average volume of 5,090,522. Mobileye Global has a 12-month low of $10.48 and a 12-month high of $44.48. The firm has a 50-day simple moving average of $13.37 and a 200-day simple moving average of $19.62. The company has a market capitalization of $13.64 billion, a P/E ratio of -4.61 and a beta of 0.07.

Institutional Investors Weigh In On Mobileye Global

Several institutional investors have recently added to or reduced their stakes in MBLY. Geode Capital Management LLC boosted its stake in Mobileye Global by 24.2% in the 3rd quarter. Geode Capital Management LLC now owns 1,431,325 shares of the company's stock worth $19,615,000 after purchasing an additional 279,082 shares in the last quarter. Main Management ETF Advisors LLC acquired a new stake in shares of Mobileye Global during the third quarter worth $1,106,000. Stifel Financial Corp grew its holdings in shares of Mobileye Global by 101.8% during the third quarter. Stifel Financial Corp now owns 179,236 shares of the company's stock valued at $2,456,000 after buying an additional 90,436 shares during the last quarter. Quarry LP acquired a new position in shares of Mobileye Global in the 3rd quarter valued at $31,000. Finally, Polymer Capital Management HK LTD purchased a new position in Mobileye Global in the 3rd quarter worth $580,000. 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.