Robert W. Baird Cuts Mobileye Global (NASDAQ:MBLY) Price Target to $29.00

Mobileye Global (NASDAQ:MBLY) had its price objective decreased by research analysts at Robert W. Baird from $40.00 to $29.00 in a report issued on Friday, Benzinga reports. The firm presently has an “outperform” rating on the stock. Robert W. Baird’s price target would suggest a potential upside of 81.70% from the company’s current price.

MBLY has been the subject of a number of other reports. Wolfe Research raised Mobileye Global from a “peer perform” rating to an “outperform” rating and set a $41.00 target price for the company in a research report on Friday, April 12th. HSBC initiated coverage on Mobileye Global in a report on Monday, July 15th. They set a “buy” rating and a $33.00 price objective for the company. Westpark Capital reissued a “hold” rating on shares of Mobileye Global in a report on Wednesday. UBS Group decreased their price objective on Mobileye Global from $36.00 to $33.00 and set a “buy” rating for the company in a report on Wednesday, July 10th. Finally, Citigroup decreased their price objective on Mobileye Global from $58.00 to $53.00 and set a “buy” rating for the company in a report on Monday, April 29th. Two research analysts have rated the stock with a sell rating, five have given a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $34.50.

Mobileye Global Trading Down 2.0 %

Mobileye Global stock traded down $0.32 during midday trading on Friday, reaching $15.96. The stock had a trading volume of 11,217,270 shares, compared to its average volume of 5,417,960. Mobileye Global has a 12 month low of $15.21 and a 12 month high of $44.48. The company has a market capitalization of $12.87 billion, a P/E ratio of -76.00, a PEG ratio of 29.75 and a beta of 0.13. The company has a fifty day moving average price of $25.91 and a two-hundred day moving average price of $27.62.

Hedge Funds Weigh In On Mobileye Global

Several institutional investors have recently bought and sold shares of the company. Baillie Gifford & Co. lifted its stake in Mobileye Global by 89.8% in the first quarter. Baillie Gifford & Co. now owns 15,985,212 shares of the company’s stock valued at $513,925,000 after purchasing an additional 7,560,929 shares during the last quarter. Norges Bank purchased a new stake in shares of Mobileye Global during the fourth quarter worth $437,842,000. Kodai Capital Management LP purchased a new stake in shares of Mobileye Global during the fourth quarter worth $148,924,000. Wellington Management Group LLP lifted its position in shares of Mobileye Global by 200.3% during the fourth quarter. Wellington Management Group LLP now owns 3,398,211 shares of the company’s stock worth $147,210,000 after acquiring an additional 2,266,438 shares in the last quarter. Finally, Franklin Resources Inc. lifted its position in shares of Mobileye Global by 25.8% during the fourth quarter. Franklin Resources Inc. now owns 2,622,704 shares of the company’s stock worth $113,616,000 after acquiring an additional 538,371 shares in the last quarter. Hedge funds and other 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.