Mobileye Global (NASDAQ:MBLY) Price Target Raised to $22.00

Mobileye Global (NASDAQ:MBLY) had its price target upped by Barclays from $18.00 to $22.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Barclays‘s price objective would indicate a potential upside of 29.86% from the stock’s current price.

Several other research firms have also issued reports on MBLY. Robert W. Baird raised their price objective on Mobileye Global from $17.00 to $18.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. JPMorgan Chase & Co. restated an “underweight” rating and set a $10.00 price objective (down from $16.00) on shares of Mobileye Global in a report on Monday, October 7th. Needham & Company LLC restated a “buy” rating and set a $20.00 price objective on shares of Mobileye Global in a report on Wednesday, December 11th. BNP Paribas downgraded Mobileye Global from a “neutral” rating to an “underperform” rating and set a $12.00 price objective on the stock. in a report on Wednesday, October 2nd. Finally, TD Cowen lifted their price target on Mobileye Global from $15.00 to $19.00 and gave the company a “buy” rating in a report on Friday, November 1st. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $24.00.

Mobileye Global Stock Up 1.6 %

Mobileye Global stock traded up $0.27 during midday trading on Wednesday, reaching $16.94. 1,168,116 shares of the stock traded hands, compared to its average volume of 8,667,016. The stock’s fifty day moving average is $17.80 and its 200-day moving average is $16.45. Mobileye Global has a 12 month low of $10.48 and a 12 month high of $34.00. The stock has a market cap of $13.74 billion, a P/E ratio of -4.65, a PEG ratio of 10.98 and a beta of 0.30.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Envestnet Asset Management Inc. grew its stake in Mobileye Global by 1.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 394,835 shares of the company’s stock valued at $11,089,000 after buying an additional 6,026 shares during the last quarter. Blair William & Co. IL lifted its holdings in Mobileye Global by 29.1% during the 2nd quarter. Blair William & Co. IL now owns 8,869 shares of the company’s stock valued at $249,000 after purchasing an additional 1,999 shares during the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of Mobileye Global by 1,019.9% in the second quarter. EverSource Wealth Advisors LLC now owns 3,819 shares of the company’s stock worth $107,000 after acquiring an additional 3,478 shares during the last quarter. Marshall Wace LLP grew its position in shares of Mobileye Global by 106.8% during the 2nd quarter. Marshall Wace LLP now owns 154,457 shares of the company’s stock worth $4,339,000 after buying an additional 79,752 shares during the period. Finally, AXA S.A. grew its holdings in Mobileye Global by 35.6% during the second quarter. AXA S.A. now owns 518,076 shares of the company’s stock valued at $14,550,000 after purchasing an additional 135,967 shares during the period. Institutional investors 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.