Mobileye Global (NASDAQ:MBLY) Stock Price Expected to Rise, Piper Sandler Analyst Says

Mobileye Global (NASDAQ:MBLY) had its price target upped by Piper Sandler from $16.00 to $17.00 in a research report report published on Thursday,Benzinga reports. Piper Sandler currently has a neutral rating on the stock.

A number of other research analysts have also recently commented on the company. UBS Group boosted their price target on Mobileye Global from $14.00 to $17.00 and gave the stock a “neutral” rating in a report on Thursday, January 16th. Loop Capital upped their target price on shares of Mobileye Global from $20.00 to $23.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. The Goldman Sachs Group lifted their price target on shares of Mobileye Global from $18.00 to $20.00 and gave the company a “buy” rating in a report on Monday, February 24th. Barclays increased their price objective on shares of Mobileye Global from $18.00 to $22.00 and gave the company an “overweight” rating in a report on Wednesday, January 22nd. Finally, Wolfe Research raised Mobileye Global from a “peer perform” rating to an “outperform” rating in a report on Thursday, December 5th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Mobileye Global presently has an average rating of “Hold” and an average price target of $22.24.

Mobileye Global Price Performance

MBLY opened at $14.24 on Thursday. The company has a 50 day simple moving average of $16.13 and a two-hundred day simple moving average of $15.61. The firm has a market cap of $11.55 billion, a P/E ratio of -3.73, a PEG ratio of 69.54 and a beta of 0.29. Mobileye Global has a 1-year low of $10.48 and a 1-year high of $34.00.

Mobileye Global (NASDAQ:MBLY) last issued its earnings results on Thursday, January 30th. The company reported $0.04 earnings per share for the quarter, missing the consensus estimate 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%. Equities analysts anticipate that Mobileye Global will post 0.01 earnings per share for the current year.

Institutional Investors Weigh In On Mobileye Global

A number of institutional investors and hedge funds have recently modified their holdings of MBLY. Atria Investments Inc increased its stake in Mobileye Global by 168.7% in the third quarter. Atria Investments Inc now owns 26,860 shares of the company’s stock worth $368,000 after purchasing an additional 16,862 shares during the period. Quest Partners LLC purchased a new position in Mobileye Global in the 3rd quarter worth about $102,000. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in Mobileye Global during the 3rd quarter valued at about $1,405,000. Advisors Asset Management Inc. boosted its position in Mobileye Global by 63.3% in the 3rd quarter. Advisors Asset Management Inc. now owns 15,009 shares of the company’s stock valued at $206,000 after buying an additional 5,819 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its stake in Mobileye Global by 168.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,526,234 shares of the company’s stock worth $20,909,000 after acquiring an additional 957,565 shares in the last quarter. 13.25% of the stock is owned by institutional investors.

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.