Loop Capital Issues Positive Forecast for Mobileye Global (NASDAQ:MBLY) Stock Price

Mobileye Global (NASDAQ:MBLY - Get Free Report) had its price objective increased by equities researchers at Loop Capital from $20.00 to $23.00 in a note issued to investors on Wednesday,Benzinga reports. The firm presently has a "buy" rating on the stock. Loop Capital's price objective indicates a potential upside of 32.56% from the company's current price.

A number of other analysts have also recently commented on the company. The Goldman Sachs Group reduced their price target on Mobileye Global from $24.00 to $20.00 and set a "buy" rating for the company in a research report on Tuesday, October 1st. Barclays decreased their price objective on shares of Mobileye Global from $19.00 to $18.00 and set an "overweight" rating on the stock in a research report on Monday, November 4th. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and issued a $15.00 price target on shares of Mobileye Global in a research note on Tuesday, September 10th. JPMorgan Chase & Co. reaffirmed an "underweight" rating and issued a $10.00 price objective (down previously from $16.00) on shares of Mobileye Global in a research note on Monday, October 7th. Finally, Robert W. Baird lifted their target price on Mobileye Global from $17.00 to $18.00 and gave the company an "outperform" rating in a research note on Friday, November 1st. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, Mobileye Global has a consensus rating of "Hold" and an average target price of $23.38.

Mobileye Global Stock Performance

Shares of MBLY stock traded down $2.29 during mid-day trading on Wednesday, reaching $17.35. 10,487,051 shares of the company's stock traded hands, compared to its average volume of 5,213,433. The firm has a market capitalization of $14.07 billion, a PE ratio of -4.75 and a beta of 0.44. Mobileye Global has a 12 month low of $10.48 and a 12 month high of $44.48. The firm has a 50 day moving average price of $15.58 and a two-hundred day moving average price of $18.14.

Institutional Trading of Mobileye Global

A number of institutional investors have recently bought and sold shares of the stock. Rakuten Securities Inc. increased its position in 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 during the last quarter. Guinness Atkinson Asset Management Inc grew its holdings in Mobileye Global by 16.9% during the 3rd quarter. Guinness Atkinson Asset Management Inc now owns 8,700 shares of the company's stock valued at $119,000 after purchasing an additional 1,257 shares during the last quarter. Levin Capital Strategies L.P. raised its position in Mobileye Global by 11.1% in the 2nd quarter. Levin Capital Strategies L.P. now owns 14,441 shares of the company's stock worth $406,000 after purchasing an additional 1,441 shares during the period. Tidal Investments LLC raised its position in Mobileye Global by 4.6% in the 3rd quarter. Tidal Investments LLC now owns 36,586 shares of the company's stock worth $501,000 after purchasing an additional 1,617 shares during the period. Finally, Blair William & Co. IL lifted its stake in Mobileye Global by 29.1% in the second quarter. Blair William & Co. IL now owns 8,869 shares of the company's stock worth $249,000 after purchasing an additional 1,999 shares during the last quarter. 13.25% of the stock is currently owned by 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.