Brokerages Set Mobileye Global Inc. (NASDAQ:MBLY) Price Target at $23.14

Shares of Mobileye Global Inc. (NASDAQ:MBLY) have been assigned a consensus recommendation of “Hold” from the twenty-six brokerages that are covering the stock, MarketBeat Ratings reports. Three investment analysts have rated the stock with a sell recommendation, ten have assigned a hold recommendation, twelve have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $23.24.

Several research analysts have recently issued reports on the company. Mizuho upped their price objective on Mobileye Global from $15.00 to $17.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 10th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $11.00 price target on shares of Mobileye Global in a research note on Thursday, December 5th. JPMorgan Chase & Co. restated an “underweight” rating and set a $10.00 price objective (down previously from $16.00) on shares of Mobileye Global in a research report on Monday, October 7th. Evercore ISI dropped their target price on shares of Mobileye Global from $35.00 to $30.00 and set an “outperform” rating on the stock in a research report on Monday, October 14th. Finally, The Goldman Sachs Group cut their price target on shares of Mobileye Global from $24.00 to $20.00 and set a “buy” rating on the stock in a research note on Tuesday, October 1st.

Mobileye Global Trading Up 7.4 %

Shares of MBLY stock opened at $18.80 on Tuesday. The company has a market cap of $15.25 billion, a P/E ratio of -5.15 and a beta of 0.44. The firm has a fifty day moving average price of $15.44 and a 200 day moving average price of $18.18. Mobileye Global has a 12 month low of $10.48 and a 12 month high of $44.48.

Hedge Funds Weigh In On Mobileye Global

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. The Manufacturers Life Insurance Company lifted its stake in shares of Mobileye Global by 49.8% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 13,590,818 shares of the company’s stock worth $186,194,000 after acquiring an additional 4,517,217 shares during the period. Bank of New York Mellon Corp lifted its position in Mobileye Global by 4.2% in the second quarter. Bank of New York Mellon Corp now owns 2,347,269 shares of the company’s stock valued at $65,923,000 after purchasing an additional 94,946 shares during the period. Loomis Sayles & Co. L P boosted its holdings in Mobileye Global by 85.3% in 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 in the last quarter. Charles Schwab Investment Management Inc. increased its position 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 worth $20,909,000 after purchasing an additional 957,565 shares during the period. Finally, Geode Capital Management LLC raised its stake in shares of Mobileye Global by 24.2% during the 3rd quarter. Geode Capital Management LLC now owns 1,431,325 shares of the company’s stock worth $19,615,000 after buying an additional 279,082 shares in 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.