Mobility Global (NYSE:MBGL) Stock Gets Price Target Bump from Wells Fargo & Company

Mobility Global (NYSE:MBGL) had its target price boosted by analysts at Wells Fargo & Company from $23.00 to $29.00 in a research note issued on Friday, Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Wells Fargo & Company‘s price target indicates a potential upside of 24.99% from the stock’s current price.

MBGL has been the subject of a number of other reports. Evercore assumed coverage on shares of Mobility Global in a report on Wednesday, September 9th. They set an “in-line” rating and a $22.00 target price for the company. Robert W. Baird raised their target price on Mobility Global from $22.00 to $26.00 and gave the stock a “neutral” rating in a research note on Friday. Citigroup initiated coverage on Mobility Global in a report on Tuesday, August 11th. They set a “neutral” rating and a $23.00 price target on the stock. Morgan Stanley began coverage on Mobility Global in a research report on Friday, October 9th. They set an “equal weight” rating and a $19.00 price target for the company. Finally, Barclays upped their price target on Mobility Global from $23.00 to $25.00 and gave the company an “equal weight” rating in a research report on Friday. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $24.00.

Mobility Global Trading Up 0.3%

Shares of MBGL stock traded up $0.07 during trading hours on Friday, hitting $23.20. 5,772,059 shares of the company’s stock were exchanged, compared to its average volume of 3,818,648. The stock has a market capitalization of $6.87 billion and a P/E ratio of 128.89. Mobility Global has a 12-month low of $16.95 and a 12-month high of $26.00. The stock has a 50 day simple moving average of $19.08. The company has a quick ratio of 1.88, a current ratio of 1.93 and a debt-to-equity ratio of 0.20.

Mobility Global (NYSE:MBGL) last posted its quarterly earnings results on Thursday, November 12th. The company reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.02. The business had revenue of $478.00 million for the quarter. The firm’s revenue for the quarter was up 7.4% compared to the same quarter last year. Equities analysts anticipate that Mobility Global will post 1.52 EPS for the current year.

Hedge Funds Weigh In On Mobility Global

A number of hedge funds have recently bought and sold shares of MBGL. Wealth Enhancement Trust Services Inc. bought a new position in Mobility Global during the third quarter valued at approximately $25,000. Sterling Capital Management LLC purchased a new stake in Mobility Global in the third quarter worth approximately $26,000. SBI Securities Co. Ltd. bought a new stake in Mobility Global in the 3rd quarter worth approximately $28,000. CX Institutional bought a new stake in Mobility Global in the 3rd quarter worth approximately $30,000. Finally, Advisors Preferred LLC bought a new stake in Mobility Global in the 2nd quarter worth approximately $36,000.

Mobility Global News Roundup

These are some of the MBGL news items that stood out recently:

• Positive Sentiment: Mobility Global reported Q3 EPS of $0.40, topping the $0.38 consensus, while revenue rose 7.4% year over year to $478 million. The company also raised its FY2026 EBITDA outlook, helping drive positive reaction to the results. Article: Mobility Global jumps on Q3 beat and higher EBITDA outlook
• Positive Sentiment: Wells Fargo raised its price target from $23 to $29 and assigned an “overweight” rating, signaling a more bullish view. Wells Fargo recommendations
• Neutral Sentiment: JPMorgan, Baird, RBC and Barclays also increased their targets, generally to $25–$26, but retained neutral, sector-perform or equal-weight ratings. The higher targets are supportive, while the ratings suggest these firms see more limited near-term conviction. JPMorgan recommendations Baird recommendations

About Mobility Global

Mobility Global is a blank-check company formed to pursue a merger, acquisition, share exchange or similar business combination with an operating business. It does not have established products or services of its own. The company’s stated focus is the mobility sector, which may include businesses involved in transportation, automotive services, logistics and related technologies. Its activities are centered on identifying and completing a suitable business combination.