Mobileye Global (NASDAQ:MBLY) Coverage Initiated at Royal Bank of Canada

Royal Bank of Canada initiated coverage on shares of Mobileye Global (NASDAQ:MBLYGet Rating) in a research note published on Monday morning, The Fly reports. The brokerage issued an outperform rating and a $41.00 price target on the stock.

Several other analysts also recently commented on the stock. Robert W. Baird started coverage on shares of Mobileye Global in a research report on Monday, November 14th. They set an outperform rating and a $36.00 price objective for the company. Cowen started coverage on shares of Mobileye Global in a research report on Monday. They issued an outperform rating and a $35.00 price target for the company. Needham & Company LLC started coverage on shares of Mobileye Global in a research report on Monday. They issued a buy rating and a $40.00 price target for the company. Citigroup started coverage on shares of Mobileye Global in a research report on Monday. They issued a buy rating for the company. Finally, The Goldman Sachs Group started coverage on shares of Mobileye Global in a research report on Monday. They issued a buy rating and a $36.00 price target for the company. Three investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and an average price target of $37.27.

Mobileye Global Stock Performance

Shares of MBLY stock opened at $29.31 on Monday. Mobileye Global has a 52 week low of $24.85 and a 52 week high of $31.88.

Insiders Place Their Bets

In other Mobileye Global news, Director Safroadu Yeboah-Amankwah bought 47,519 shares of the stock in a transaction dated Friday, October 28th. The shares were bought at an average cost of $21.00 per share, for a total transaction of $997,899.00. Following the purchase, the director now directly owns 47,519 shares of the company’s stock, valued at approximately $997,899. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. In other Mobileye Global news, Director Safroadu Yeboah-Amankwah bought 47,519 shares of the stock in a transaction dated Friday, October 28th. The shares were bought at an average cost of $21.00 per share, for a total transaction of $997,899.00. Following the purchase, the director now directly owns 47,519 shares of the company’s stock, valued at approximately $997,899. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Amnon Shashua bought 476,191 shares of the stock in a transaction dated Friday, October 28th. The shares were acquired 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 in the company, valued at $10,000,011. The disclosure for this purchase can be found here.

About Mobileye Global

(Get Rating)

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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