Mobileye Global (NASDAQ:MBLY) Given New $17.00 Price Target at Mizuho

Mobileye Global (NASDAQ:MBLY - Get Free Report) had its price target increased by stock analysts at Mizuho from $15.00 to $17.00 in a research report issued on Tuesday,Benzinga reports. The firm currently has a "neutral" rating on the stock. Mizuho's price target would indicate a potential upside of 0.12% from the company's previous close.

A number of other analysts have also commented on the company. Loop Capital began coverage on Mobileye Global in a research note on Tuesday, November 12th. They issued a "buy" rating and a $20.00 price target for the company. Robert W. Baird upped their target price on Mobileye Global from $17.00 to $18.00 and gave the stock an "outperform" rating in a report on Friday, November 1st. Needham & Company LLC reduced their price target on Mobileye Global from $25.00 to $20.00 and set a "buy" rating on the stock in a research note on Friday, November 1st. BNP Paribas downgraded shares of Mobileye Global from a "neutral" rating to an "underperform" rating and set a $12.00 target price on the stock. in a research report on Wednesday, October 2nd. Finally, Deutsche Bank Aktiengesellschaft restated a "hold" rating and issued a $15.00 price objective on shares of Mobileye Global in a report on Tuesday, September 10th. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $23.24.

Mobileye Global Trading Down 3.0 %

MBLY stock traded down $0.53 during midday trading on Tuesday, hitting $16.98. The company had a trading volume of 9,877,994 shares, compared to its average volume of 5,163,866. Mobileye Global has a 52 week low of $10.48 and a 52 week high of $44.48. The stock has a market cap of $13.77 billion, a price-to-earnings ratio of -4.80 and a beta of 0.43. The stock's 50 day moving average price is $14.96 and its 200 day moving average price is $18.47.

Institutional Investors Weigh In On Mobileye Global

Hedge funds have recently modified their holdings of the business. Rakuten Securities Inc. raised its stake in shares of Mobileye Global by 140.2% in the third quarter. Rakuten Securities Inc. now owns 1,818 shares of the company's stock worth $25,000 after buying an additional 1,061 shares during the period. Quarry LP bought a new stake in Mobileye Global during the 3rd quarter worth approximately $31,000. Cranbrook Wealth Management LLC bought a new stake in Mobileye Global during the 2nd quarter worth approximately $84,000. EverSource Wealth Advisors LLC increased its stake in shares of Mobileye Global by 1,019.9% in the second quarter. EverSource Wealth Advisors LLC now owns 3,819 shares of the company's stock worth $107,000 after purchasing an additional 3,478 shares in the last quarter. Finally, Headlands Technologies LLC bought a new stake in shares of Mobileye Global during the 2nd quarter valued at $147,000. Institutional investors 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.