Cowen Initiates Coverage on Mobileye Global (NASDAQ:MBLY)

Cowen started coverage on shares of Mobileye Global (NASDAQ:MBLYGet Rating) in a research note released on Monday morning, MarketBeat Ratings reports. The brokerage issued an outperform rating and a $35.00 target price on the stock.

MBLY has been the topic of several other research reports. Mizuho initiated coverage on shares of Mobileye Global in a research report on Monday. They set a buy rating and a $35.00 price target on the stock. Raymond James assumed coverage on shares of Mobileye Global in a report on Monday. They issued a strong-buy rating and a $50.00 price objective on the stock. Royal Bank of Canada assumed coverage on shares of Mobileye Global in a report on Monday. They issued an outperform rating and a $41.00 price objective on the stock. Citigroup assumed coverage on shares of Mobileye Global in a report on Monday. They issued a buy rating on the stock. Finally, Wolfe Research assumed coverage on shares of Mobileye Global in a report on Monday. They issued a peer perform rating on the stock. Three investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Mobileye Global currently has an average rating of Moderate Buy and a consensus price target of $37.27.

Mobileye Global Stock Performance

Shares of MBLY stock opened at $29.31 on Monday. Mobileye Global has a twelve month low of $24.85 and a twelve month high of $31.88.

Insiders Place Their Bets

In other news, CEO Amnon Shashua bought 476,191 shares of the business’s stock in a transaction that occurred on Friday, October 28th. The shares were purchased at an average cost of $21.00 per share, for a total transaction of $10,000,011.00. Following the completion of the purchase, the chief executive officer now owns 476,191 shares of the company’s stock, valued at $10,000,011. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, Director Safroadu Yeboah-Amankwah bought 47,519 shares of the business’s stock in a transaction that occurred on Friday, October 28th. The shares were purchased at an average cost of $21.00 per share, for a total transaction of $997,899.00. Following the completion of the purchase, the director now owns 47,519 shares of the company’s stock, valued at $997,899. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Amnon Shashua bought 476,191 shares of the business’s stock in a transaction that occurred on Friday, October 28th. The shares were purchased at an average price of $21.00 per share, for a total transaction of $10,000,011.00. Following the completion of the purchase, the chief executive officer now directly owns 476,191 shares of the company’s stock, valued at approximately $10,000,011. The disclosure for this purchase can be found here.

About Mobileye Global

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Mobileye Global Inc engages in the development and deployment of advanced driver assistance systems (ADAS) and autonomous driving technologies and solutions worldwide. The company offers Driver Assist, which comprise 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 driver assist 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 and supports over-the-air updates.

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