Loop Capital Forecasts Strong Price Appreciation for Mobileye Global (NASDAQ:MBLY) Stock

Mobileye Global (NASDAQ:MBLY) had its target price boosted by Loop Capital from $20.00 to $23.00 in a research note released on Wednesday morning,Benzinga reports. The brokerage currently has a buy rating on the stock.

A number of other brokerages also recently issued reports on MBLY. The Goldman Sachs Group cut their price objective on shares of Mobileye Global from $24.00 to $20.00 and set a “buy” rating for the company in a research report on Tuesday, October 1st. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $15.00 price target on shares of Mobileye Global in a report on Tuesday, September 10th. JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a $10.00 price objective (down previously from $16.00) on shares of Mobileye Global in a research note on Monday, October 7th. Needham & Company LLC reiterated a “buy” rating and set a $20.00 price objective on shares of Mobileye Global in a research note on Wednesday, December 11th. Finally, Canaccord Genuity Group decreased their target price on shares of Mobileye Global from $27.00 to $25.00 and set a “buy” rating on the stock in a research note on Friday, November 1st. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $23.38.

Mobileye Global Trading Down 1.2 %

MBLY opened at $17.51 on Wednesday. Mobileye Global has a 12-month low of $10.48 and a 12-month high of $44.48. The company has a market cap of $14.20 billion, a price-to-earnings ratio of -4.80 and a beta of 0.44. The company’s 50 day moving average is $15.80 and its 200 day moving average is $18.13.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of MBLY. Raymond James & Associates raised its stake in Mobileye Global by 258.7% during the second quarter. Raymond James & Associates now owns 336,417 shares of the company’s stock valued at $9,448,000 after purchasing an additional 242,640 shares in the last quarter. Slow Capital Inc. raised its position in shares of Mobileye Global by 6.5% during the 2nd quarter. Slow Capital Inc. now owns 100,636 shares of the company’s stock valued at $2,826,000 after buying an additional 6,152 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Mobileye Global by 4.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 2,347,269 shares of the company’s stock valued at $65,923,000 after acquiring an additional 94,946 shares during the last quarter. Verdence Capital Advisors LLC grew its position in Mobileye Global by 14.0% in the second quarter. Verdence Capital Advisors LLC now owns 16,498 shares of the company’s stock worth $463,000 after acquiring an additional 2,031 shares in the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. increased its stake in Mobileye Global by 4.5% during the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 682,459 shares of the company’s stock worth $19,167,000 after acquiring an additional 29,470 shares during the last quarter. 13.25% of the stock is currently 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.