JPMorgan Chase & Co. Cuts Mobileye Global (NASDAQ:MBLY) Price Target to $10.00

Mobileye Global (NASDAQ:MBLY) had its target price dropped by research analysts at JPMorgan Chase & Co. from $11.00 to $10.00 in a report issued on Thursday,Benzinga reports. The firm presently has an “underweight” rating on the stock. JPMorgan Chase & Co.‘s price target suggests a potential downside of 17.42% from the stock’s current price.

Several other research analysts also recently commented on the company. Loop Capital lifted their target price on Mobileye Global from $20.00 to $23.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. UBS Group lowered their target price on shares of Mobileye Global from $17.00 to $14.00 and set a “neutral” rating for the company in a research note on Thursday, April 10th. Mizuho decreased their price target on Mobileye Global from $17.00 to $16.00 and set a “neutral” rating for the company in a report on Friday, January 31st. 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 research report on Monday, February 10th. Finally, Barclays restated an “equal weight” rating and set a $14.00 price target (down from $22.00) on shares of Mobileye Global in a report on Tuesday. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Mobileye Global presently has a consensus rating of “Hold” and an average target price of $20.55.

Mobileye Global Trading Down 1.5 %

MBLY opened at $12.11 on Thursday. The company’s 50 day moving average is $15.25 and its 200-day moving average is $15.86. The company has a market cap of $9.82 billion, a P/E ratio of -3.16, a PEG ratio of 69.54 and a beta of 0.39. Mobileye Global has a 1-year low of $10.48 and a 1-year high of $33.26.

Mobileye Global (NASDAQ:MBLY) last announced its quarterly earnings results on Thursday, January 30th. The company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.08). Mobileye Global had a negative net margin of 186.82% and a negative return on equity of 0.34%. On average, equities analysts forecast that Mobileye Global will post 0.01 EPS for the current year.

Hedge Funds Weigh In On Mobileye Global

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Norges Bank purchased a new stake in Mobileye Global during the fourth quarter worth about $95,937,000. Dimensional Fund Advisors LP purchased a new stake in shares of Mobileye Global during the 4th quarter worth approximately $27,155,000. Light Street Capital Management LLC bought a new stake in shares of Mobileye Global in the 4th quarter worth approximately $15,276,000. Yiheng Capital Management L.P. purchased a new position in Mobileye Global in the fourth quarter valued at approximately $14,940,000. Finally, Susquehanna Fundamental Investments LLC bought a new position in Mobileye Global during the fourth quarter valued at $13,897,000. 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.