Mobileye Global (NASDAQ:MBLY) Receives New Coverage from Analysts at Needham & Company LLC

Needham & Company LLC assumed coverage on shares of Mobileye Global (NASDAQ:MBLYGet Rating) in a report released on Monday morning, MarketBeat reports. The brokerage issued a buy rating and a $40.00 target price on the stock.

Several other research analysts also recently commented on MBLY. The Goldman Sachs Group assumed coverage on Mobileye Global in a research note on Monday. They issued a buy rating and a $36.00 price objective on the stock. Cowen assumed coverage on Mobileye Global in a research note on Monday. They set an outperform rating and a $35.00 target price on the stock. Citigroup assumed coverage on Mobileye Global in a research note on Monday. They set a buy rating on the stock. Wolfe Research assumed coverage on Mobileye Global in a research note on Monday. They set a peer perform rating on the stock. Finally, Robert W. Baird assumed coverage on Mobileye Global in a research note on Monday, November 14th. They set an outperform rating and a $36.00 target price on the stock. Three research 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.com, the stock currently has a consensus rating of Moderate Buy and an average target price of $37.27.

Mobileye Global Stock Performance

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

Insider Transactions at Mobileye Global

In related news, CEO Amnon Shashua bought 476,191 shares of the company’s stock in a transaction dated Friday, October 28th. The stock was purchased at an average price of $21.00 per share, for a total transaction of $10,000,011.00. Following the acquisition, the chief executive officer now owns 476,191 shares in the company, valued at $10,000,011. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. In related news, CEO Amnon Shashua bought 476,191 shares of the company’s stock in a transaction dated Friday, October 28th. The stock was purchased at an average price of $21.00 per share, for a total transaction of $10,000,011.00. Following the acquisition, the chief executive officer now owns 476,191 shares in the company, valued at $10,000,011. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Safroadu Yeboah-Amankwah acquired 47,519 shares of the company’s stock in a transaction that occurred on Friday, October 28th. The shares were acquired at an average price of $21.00 per share, with a total value of $997,899.00. Following the acquisition, the director now owns 47,519 shares in the company, valued at $997,899. 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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Analyst Recommendations for Mobileye Global (NASDAQ:MBLY)

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