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

Mobileye Global (NASDAQ:MBLY) had its price objective hoisted by stock analysts at Barclays from $18.00 to $22.00 in a research report issued on Wednesday,Benzinga reports. The firm currently has an “overweight” rating on the stock. Barclays‘s target price indicates a potential upside of 29.86% from the company’s current price.

Several other equities research analysts have also weighed in on the stock. Robert W. Baird upped their target price on shares of Mobileye Global from $17.00 to $18.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Canaccord Genuity Group reduced their price target on shares of Mobileye Global from $27.00 to $25.00 and set a “buy” rating on the stock in a research report on Friday, November 1st. Mizuho upped their price target on shares of Mobileye Global from $15.00 to $17.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 10th. Loop Capital upped their price target 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. Finally, Wolfe Research upgraded shares of Mobileye Global from a “peer perform” rating to an “outperform” rating in a research report on Thursday, December 5th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $24.00.

Mobileye Global Stock Up 1.6 %

Mobileye Global stock traded up $0.27 on Wednesday, hitting $16.94. The company’s stock had a trading volume of 1,168,116 shares, compared to its average volume of 8,667,016. The firm has a market cap of $13.74 billion, a P/E ratio of -4.65, a price-to-earnings-growth ratio of 10.98 and a beta of 0.30. The company has a fifty day moving average price of $17.80 and a 200-day moving average price of $16.45. Mobileye Global has a one year low of $10.48 and a one year high of $34.00.

Institutional Trading of Mobileye Global

Hedge funds have recently bought and sold shares of the company. Versant Capital Management Inc increased its stake in shares of Mobileye Global by 580.0% during the fourth quarter. Versant Capital Management Inc now owns 1,326 shares of the company’s stock valued at $26,000 after buying an additional 1,131 shares during the period. FNY Investment Advisers LLC bought a new stake in shares of Mobileye Global during the fourth quarter valued at approximately $30,000. Rakuten Securities Inc. boosted its position in shares of Mobileye Global by 140.2% during the third quarter. Rakuten Securities Inc. now owns 1,818 shares of the company’s stock valued at $25,000 after purchasing an additional 1,061 shares in the last quarter. Quarry LP bought a new stake in Mobileye Global in the third quarter worth $31,000. Finally, Harel Insurance Investments & Financial Services Ltd. bought a new position in shares of Mobileye Global during the fourth quarter valued at $58,000. 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.