Mobileye Global (NASDAQ:MBLY) Price Target Raised to $20.00

Mobileye Global (NASDAQ:MBLY) had its target price increased by The Goldman Sachs Group from $18.00 to $20.00 in a research note released on Monday,Benzinga reports. The Goldman Sachs Group currently has a buy rating on the stock.

Other equities research analysts have also issued reports about the company. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $11.00 target price on shares of Mobileye Global in a research report on Thursday, December 5th. TD Cowen lifted their target price on Mobileye Global from $15.00 to $19.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Bank of America raised Mobileye Global from an “underperform” rating to a “neutral” rating and lifted their target price for the company from $12.00 to $19.00 in a research report on Monday, February 10th. Wolfe Research raised Mobileye Global from a “peer perform” rating to an “outperform” rating in a research report on Thursday, December 5th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $20.00 target price on shares of Mobileye Global in a research report on Friday, January 31st. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Mobileye Global has an average rating of “Hold” and a consensus target price of $22.95.

Mobileye Global Stock Performance

Shares of MBLY stock opened at $16.42 on Monday. Mobileye Global has a 52-week low of $10.48 and a 52-week high of $34.00. The firm has a market capitalization of $13.32 billion, a P/E ratio of -4.30, a P/E/G ratio of 69.54 and a beta of 0.26. The stock has a 50 day moving average price of $17.52 and a 200 day moving average price of $15.56.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in MBLY. Norges Bank purchased a new position in Mobileye Global during the 4th quarter worth $95,937,000. The Manufacturers Life Insurance Company grew its stake in Mobileye Global by 49.8% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 13,590,818 shares of the company’s stock valued at $186,194,000 after purchasing an additional 4,517,217 shares during the last quarter. Dimensional Fund Advisors LP purchased a new stake in Mobileye Global during the 4th quarter valued at about $27,155,000. Charles Schwab Investment Management Inc. grew its stake in Mobileye Global by 168.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,526,234 shares of the company’s stock valued at $20,909,000 after purchasing an additional 957,565 shares during the last quarter. Finally, Loomis Sayles & Co. L P grew its stake in Mobileye Global by 85.3% during the 3rd quarter. Loomis Sayles & Co. L P now owns 1,668,331 shares of the company’s stock valued at $22,856,000 after purchasing an additional 768,169 shares during the last quarter. 13.25% of the stock is currently owned by hedge funds and other institutional investors.

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.