Mobileye Global (NASDAQ:MBLY) Stock Price Expected to Rise, Barclays Analyst Says

Mobileye Global (NASDAQ:MBLY) had its target price upped by equities researchers at Barclays from $18.00 to $22.00 in a note issued to investors on Wednesday,Benzinga reports. The firm currently has an “overweight” rating on the stock. Barclays‘s target price indicates a potential upside of 30.72% from the company’s previous close.

A number of other research firms have also recently commented on MBLY. JPMorgan Chase & Co. reissued an “underweight” rating and issued a $10.00 target price (down previously from $16.00) on shares of Mobileye Global in a report on Monday, October 7th. Wolfe Research raised shares of Mobileye Global from a “peer perform” rating to an “outperform” rating in a research note on Thursday, December 5th. Mizuho raised their target price on shares of Mobileye Global from $15.00 to $17.00 and gave the company a “neutral” rating in a research report on Tuesday, December 10th. Evercore ISI lowered their price target on shares of Mobileye Global from $35.00 to $30.00 and set an “outperform” rating for the company in a report on Monday, October 14th. Finally, TD Cowen raised their price objective on Mobileye Global from $15.00 to $19.00 and gave the company a “buy” rating in a report on Friday, November 1st. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Mobileye Global presently has a consensus rating of “Hold” and a consensus target price of $23.20.

Mobileye Global Stock Performance

Mobileye Global stock opened at $16.83 on Wednesday. Mobileye Global has a 52 week low of $10.48 and a 52 week high of $34.00. The stock has a market capitalization of $13.65 billion, a P/E ratio of -4.61, a price-to-earnings-growth ratio of 11.42 and a beta of 0.30. The stock has a fifty day moving average of $17.83 and a 200-day moving average of $16.46.

Institutional Trading of Mobileye Global

Several large investors have recently modified their holdings of the stock. Versant Capital Management Inc boosted its stake in Mobileye Global by 580.0% during 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. FNY Investment Advisers LLC bought a new position in shares of Mobileye Global during the 4th quarter worth about $30,000. Rakuten Securities Inc. grew its stake in shares of Mobileye Global by 140.2% in the 3rd quarter. Rakuten Securities Inc. now owns 1,818 shares of the company’s stock valued at $25,000 after buying an additional 1,061 shares during the period. Quarry LP bought a new stake in Mobileye Global in the 3rd quarter valued at about $31,000. Finally, Harel Insurance Investments & Financial Services Ltd. bought a new stake in Mobileye Global in the 4th quarter valued at about $58,000. Institutional investors and hedge funds own 13.25% of the company’s stock.

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.