Mobileye Global Inc. (NASDAQ:MBLY) Stock Has Average Price Target of $11.25 According to Brokerages

Mobileye Global Inc. (NASDAQ:MBLY) has received a consensus rating of “Hold” from the twenty-three research firms that are presently covering the company, MarketBeat reports. Two analysts have rated the stock with a sell rating, ten have given a hold rating, nine have given a buy rating and two have given a strong buy rating to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $11.23.

Several equities analysts recently issued reports on the company. Citigroup initiated coverage on Mobileye Global in a research note on Friday. They set a “buy” rating and a $11.00 target price on the stock. Tigress Financial lowered their target price on Mobileye Global from $25.00 to $18.00 and set a “buy” rating for the company in a report on Thursday, July 30th. Needham & Company LLC reaffirmed a “buy” rating and issued a $13.00 target price on shares of Mobileye Global in a research report on Friday, July 24th. Barclays reiterated an “equal weight” rating and set a $9.00 price target (down from $14.00) on shares of Mobileye Global in a research note on Wednesday, September 30th. Finally, Berenberg Bank upgraded shares of Mobileye Global from a “hold” rating to a “buy” rating and set a $11.00 price target on the stock in a research note on Monday, August 17th.

Mobileye Global News Roundup

Here are the key news stories impacting Mobileye Global this week:

• Positive Sentiment: Citigroup initiated coverage with a Buy rating and an $11 price target, implying substantial upside from MBLY’s recent $7.22 level. Citi highlighted Mobileye’s position as a global leader in vehicle-vision technology and its long-term opportunity in advanced driver-assistance systems. Citigroup Initiates Mobileye Global at Buy Rating, $11 Price Target
• Positive Sentiment: Analyst estimates compiled in a separate report put Mobileye’s average price target at approximately $11.25, suggesting that analysts collectively see meaningful recovery potential from current levels. Mobileye Global Inc. Stock Has Average Target Price of $11.25
• Neutral Sentiment: A Zacks industry outlook featured Mobileye alongside Hesai Group, keeping MBLY in focus within the vehicle-sensing and autonomous-driving technology sector. However, the available information does not identify a new earnings forecast or specific company catalyst. Zacks Industry Outlook Highlights Mobileye Global and Hesai Group
• Negative Sentiment: Morgan Stanley lowered its price target from $10 to $9 and maintained an Equal Weight rating. Although the revised target remains above the recent share price, the cut signals more limited near-term conviction and offsets some of Citi’s optimism. Morgan Stanley Lowers Mobileye Price Target

Mobileye Global Price Performance

NASDAQ:MBLY opened at $7.22 on Friday. The stock’s fifty day moving average is $8.10 and its two-hundred day moving average is $8.60. Mobileye Global has a 52 week low of $6.47 and a 52 week high of $15.19. The stock has a market capitalization of $6.06 billion, a price-to-earnings ratio of -1.45, a price-to-earnings-growth ratio of 2.43 and a beta of 1.25.

Mobileye Global (NASDAQ:MBLY) last released its quarterly earnings results on Thursday, July 23rd. The company reported $0.19 EPS for the quarter, topping the consensus estimate of $0.06 by $0.13. Mobileye Global had a positive return on equity of 0.70% and a negative net margin of 201.49%. The business had revenue of $508.00 million during the quarter, compared to analyst estimates of $480.51 million. During the same period last year, the business posted ($0.08) earnings per share. The company’s quarterly revenue was up .4% on a year-over-year basis. On average, sell-side analysts expect that Mobileye Global will post 0.11 EPS for the current fiscal year.

Insider Activity at Mobileye Global

In other Mobileye Global news, Director Frank D. Yeary bought 12,360 shares of the business’s stock in a transaction that occurred on Thursday, July 30th. The shares were purchased at an average cost of $7.98 per share, with a total value of $98,632.80. Following the purchase, the director directly owned 12,360 shares in the company, valued at approximately $98,632.80. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Safroadu Yeboah-Amankwah bought 11,841 shares of Mobileye Global stock in a transaction on Thursday, August 6th. The shares were acquired at an average price of $8.46 per share, for a total transaction of $100,174.86. Following the completion of the acquisition, the director owned 84,336 shares in the company, valued at $713,482.56. This represents a 16.33% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 10.00% of the company’s stock.

Hedge Funds Weigh In On Mobileye Global

Institutional investors have recently modified their holdings of the business. Counterpoint Mutual Funds LLC acquired a new position in Mobileye Global during the 3rd quarter worth $9,074,000. Vontobel Holding Ltd. increased its holdings in Mobileye Global by 51.2% during the 3rd quarter. Vontobel Holding Ltd. now owns 38,030 shares of the company’s stock worth $281,000 after purchasing an additional 12,870 shares during the period. Assenagon Asset Management S.A. increased its holdings in Mobileye Global by 6.9% during the 3rd quarter. Assenagon Asset Management S.A. now owns 2,586,131 shares of the company’s stock worth $19,112,000 after purchasing an additional 166,392 shares during the period. Farther Finance Advisors LLC raised its position in Mobileye Global by 665.2% in the 3rd quarter. Farther Finance Advisors LLC now owns 11,386 shares of the company’s stock valued at $84,000 after purchasing an additional 9,898 shares in the last quarter. Finally, Tidal Investments LLC raised its position in Mobileye Global by 17.8% in the 2nd quarter. Tidal Investments LLC now owns 159,149 shares of the company’s stock valued at $1,541,000 after purchasing an additional 24,088 shares in the last quarter. Institutional investors and hedge funds own 13.25% of the company’s stock.

Mobileye Global Company Profile

Mobileye Global Inc is a technology company focused on advanced driver-assistance systems (ADAS) and autonomous driving. Its technologies are designed to help improve road safety and support automated driving through computer vision, artificial intelligence, sensor fusion and mapping.

The company develops and supplies products for automakers and mobility providers, including EyeQ system-on-chips, camera-based driver-assistance features, SuperVision hands-free driving technology, and autonomous driving platforms.