Mobileye Global (NASDAQ:MBLY) Price Target Raised to $18.00 at TD Cowen

Mobileye Global (NASDAQ:MBLY - Get Free Report) had its target price boosted by investment analysts at TD Cowen from $15.00 to $18.00 in a research report issued on Friday, MarketBeat Ratings reports. The brokerage presently has a "buy" rating on the stock. TD Cowen's price objective indicates a potential upside of 20.64% from the company's current price.

Other equities analysts have also issued reports about the stock. BNP Paribas raised shares of Mobileye Global from an "underperform" rating to a "neutral" rating and set a $11.00 price target for the company in a research report on Wednesday, April 23rd. The Goldman Sachs Group reduced their target price on Mobileye Global from $20.00 to $17.00 and set a "buy" rating for the company in a report on Thursday, April 10th. UBS Group cut their price objective on shares of Mobileye Global from $17.00 to $14.00 and set a "neutral" rating for the company in a report on Thursday, April 10th. Bank of America upgraded Mobileye Global from an "underperform" rating to a "neutral" rating and upped their target price for the company from $12.00 to $19.00 in a report on Monday, February 10th. Finally, Barclays reiterated an "equal weight" rating and issued a $14.00 price objective (down from $22.00) on shares of Mobileye Global in a report on Tuesday, April 15th. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $20.35.

Mobileye Global Price Performance

NASDAQ MBLY traded down $0.18 during trading on Friday, hitting $14.92. The company's stock had a trading volume of 2,150,931 shares, compared to its average volume of 5,436,147. Mobileye Global has a fifty-two week low of $10.48 and a fifty-two week high of $33.26. The company has a market cap of $12.10 billion, a PE ratio of -3.91, a P/E/G ratio of 69.54 and a beta of 0.39. The business's 50 day simple moving average is $14.51 and its 200-day simple moving average is $15.93.

Mobileye Global (NASDAQ:MBLY - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The company reported $0.08 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.08. Mobileye Global had a negative net margin of 186.82% and a negative return on equity of 0.34%. The business had revenue of $438.00 million for the quarter, compared to analyst estimates of $434.87 million. During the same quarter in the prior year, the business posted ($0.07) EPS. Mobileye Global's revenue for the quarter was up 83.3% compared to the same quarter last year. Analysts expect that Mobileye Global will post 0.01 EPS for the current fiscal year.

Institutional Investors Weigh In On Mobileye Global

Institutional investors and hedge funds have recently bought and sold shares of the stock. Parkside Financial Bank & Trust increased its position in Mobileye Global by 147.4% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,237 shares of the company's stock worth $25,000 after buying an additional 737 shares during the period. Versant Capital Management Inc raised its position in Mobileye Global by 580.0% in the fourth quarter. Versant Capital Management Inc now owns 1,326 shares of the company's stock worth $26,000 after acquiring an additional 1,131 shares in the last quarter. Rhumbline Advisers purchased a new position in shares of Mobileye Global in the 1st quarter valued at about $27,000. FNY Investment Advisers LLC acquired a new stake in shares of Mobileye Global during the 4th quarter valued at approximately $30,000. Finally, Global Retirement Partners LLC boosted its position in Mobileye Global by 136.9% during 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 in the last quarter. 13.25% of the stock is 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.