Mobileye Global (NASDAQ:MBLY) Given New $20.00 Price Target at The Goldman Sachs Group

Mobileye Global (NASDAQ:MBLY - Free Report) had its target price lifted by The Goldman Sachs Group from $18.00 to $20.00 in a report issued on Monday,Benzinga reports. The brokerage currently has a buy rating on the stock.

Several other brokerages have also weighed in on MBLY. Loop Capital raised their price objective 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. Robert W. Baird raised their price objective on shares of Mobileye Global from $17.00 to $18.00 and gave the company an "outperform" rating in a research report on Friday, November 1st. Canaccord Genuity Group cut their price objective on shares of Mobileye Global from $27.00 to $25.00 and set a "buy" rating on the stock in a research report on Friday, November 1st. 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 raised their price objective 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 investment analysts have rated the stock with a sell rating, eleven have given a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $22.95.

Mobileye Global Stock Up 2.4 %

Shares of Mobileye Global stock traded up $0.38 during trading hours on Monday, hitting $16.46. The company's stock had a trading volume of 1,174,614 shares, compared to its average volume of 6,616,147. The company has a market capitalization of $13.35 billion, a PE ratio of -4.31, a P/E/G ratio of 69.54 and a beta of 0.26. The business has a fifty day moving average of $17.53 and a 200 day moving average of $15.56. Mobileye Global has a 1-year low of $10.48 and a 1-year high of $34.00.

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

Institutional Investors Weigh In On Mobileye Global

Several hedge funds and other institutional investors have recently added to or reduced their stakes in MBLY. Rakuten Securities Inc. grew its position in shares of Mobileye Global by 140.2% during the 3rd 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. Parkside Financial Bank & Trust grew 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 valued at $25,000 after acquiring an additional 737 shares during the period. Versant Capital Management Inc grew its position in shares of Mobileye Global by 580.0% during the 4th quarter. Versant Capital Management Inc now owns 1,326 shares of the company's stock valued at $26,000 after acquiring an additional 1,131 shares during the period. FNY Investment Advisers LLC acquired a new stake in shares of Mobileye Global during the 4th quarter valued at about $30,000. Finally, Quarry LP acquired a new stake in shares of Mobileye Global during the 3rd quarter valued at about $31,000. 13.25% of the stock is owned by institutional investors and hedge funds.

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.