Mobileye Global (NASDAQ:MBLY) Given New $22.00 Price Target at Barclays

Mobileye Global (NASDAQ:MBLY) had its price objective lifted by Barclays from $18.00 to $22.00 in a research report released on Wednesday morning,Benzinga reports. They currently have an overweight rating on the stock.

Several other brokerages also recently weighed in on MBLY. Wolfe Research upgraded shares of Mobileye Global from a “peer perform” rating to an “outperform” rating in a research note on Thursday, December 5th. BNP Paribas downgraded shares of Mobileye Global from a “neutral” rating to an “underperform” rating and set a $12.00 price objective on the stock. in a report on Wednesday, October 2nd. Royal Bank of Canada reissued a “sector perform” rating and issued a $11.00 target price on shares of Mobileye Global in a report on Thursday, December 5th. Evercore ISI cut their target price on shares of Mobileye Global from $35.00 to $30.00 and set an “outperform” rating for the company in a research report on Monday, October 14th. Finally, Oppenheimer assumed coverage on shares of Mobileye Global in a research note on Wednesday, January 15th. They issued an “outperform” rating and a $28.00 target price for the company. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Mobileye Global has an average rating of “Hold” and a consensus price target of $23.20.

Mobileye Global Stock Down 1.7 %

Shares of MBLY opened at $16.54 on Wednesday. Mobileye Global has a 52-week low of $10.48 and a 52-week high of $34.00. The company has a market capitalization of $13.41 billion, a price-to-earnings ratio of -4.53, a price-to-earnings-growth ratio of 11.65 and a beta of 0.30. The stock has a 50 day moving average price of $17.86 and a 200 day moving average price of $16.38.

Institutional Investors Weigh In On Mobileye Global

Several large investors have recently made changes to their positions in MBLY. The Manufacturers Life Insurance Company grew its stake in shares of Mobileye Global by 49.8% in the third quarter. The Manufacturers Life Insurance Company now owns 13,590,818 shares of the company’s stock valued at $186,194,000 after buying an additional 4,517,217 shares in the last quarter. Loomis Sayles & Co. L P raised its holdings in shares of Mobileye Global by 85.3% during the third quarter. Loomis Sayles & Co. L P now owns 1,668,331 shares of the company’s stock worth $22,856,000 after purchasing an additional 768,169 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in Mobileye Global by 168.4% in the third 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 during the last quarter. Geode Capital Management LLC boosted its stake in Mobileye Global by 24.2% in the third quarter. Geode Capital Management LLC now owns 1,431,325 shares of the company’s stock valued at $19,615,000 after acquiring an additional 279,082 shares during the period. Finally, Raymond James & Associates boosted its position in Mobileye Global by 81.3% during the 3rd quarter. Raymond James & Associates now owns 609,841 shares of the company’s stock valued at $8,355,000 after purchasing an additional 273,424 shares during the period. Institutional investors and hedge funds own 13.25% of the company’s stock.

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.