Mobileye Global (NASDAQ:MBLY) Price Target Increased to $32.00 by Analysts at Piper Sandler

Mobileye Global (NASDAQ:MBLY) had its target price increased by Piper Sandler from $31.00 to $32.00 in a research note issued to investors on Friday morning, Benzinga reports. They currently have a neutral rating on the stock.

Several other equities analysts also recently commented on MBLY. Royal Bank of Canada dropped their price objective on Mobileye Global from $45.00 to $39.00 and set an outperform rating on the stock in a research note on Friday, January 26th. Raymond James dropped their price objective on Mobileye Global from $48.00 to $40.00 in a research note on Monday, January 22nd. Barclays dropped their price objective on Mobileye Global from $46.00 to $43.00 and set an overweight rating on the stock in a research note on Friday, January 26th. TD Cowen upped their price objective on Mobileye Global from $35.00 to $37.00 and gave the company a buy rating in a research note on Friday. Finally, Robert W. Baird dropped their price objective on Mobileye Global from $43.00 to $42.00 and set an outperform rating on the stock in a research note on Friday, January 26th. Three research analysts have rated the stock with a sell rating, one has given a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of Moderate Buy and a consensus target price of $40.58.

Mobileye Global Stock Down 4.1 %

Shares of NASDAQ MBLY opened at $28.00 on Friday. Mobileye Global has a twelve month low of $23.49 and a twelve month high of $47.41. The stock’s 50 day moving average price is $29.27 and its 200-day moving average price is $33.27. The company has a market capitalization of $22.57 billion, a PE ratio of -133.33, a PEG ratio of 13.57 and a beta of -0.22.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Barclays PLC bought a new position in shares of Mobileye Global in the third quarter worth $211,000. Natixis Advisors L.P. increased its holdings in shares of Mobileye Global by 166.9% in the third quarter. Natixis Advisors L.P. now owns 87,547 shares of the company’s stock worth $3,638,000 after purchasing an additional 54,745 shares during the period. TrueMark Investments LLC bought a new position in shares of Mobileye Global in the fourth quarter worth $1,662,000. Platinum Investment Management Ltd. increased its holdings in shares of Mobileye Global by 207.4% in the third quarter. Platinum Investment Management Ltd. now owns 998,827 shares of the company’s stock worth $41,501,000 after purchasing an additional 673,906 shares during the period. Finally, The Manufacturers Life Insurance Company bought a new position in shares of Mobileye Global in the third quarter worth $35,374,000. Institutional investors own 13.25% of the company’s stock.

About Mobileye Global

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.