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

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

Other research analysts have also recently issued research reports about the stock. Mizuho boosted their price objective on shares of Mobileye Global from $15.00 to $17.00 and gave the company a “neutral” rating in a research report on Tuesday, December 10th. The Goldman Sachs Group dropped their target price on shares of Mobileye Global from $24.00 to $20.00 and set a “buy” rating on the stock in a report on Tuesday, October 1st. Oppenheimer assumed coverage on Mobileye Global in a report on Wednesday, January 15th. They issued an “outperform” rating and a $28.00 price target on the stock. TD Cowen lifted their price objective on shares of Mobileye Global from $15.00 to $19.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Finally, Royal Bank of Canada restated a “sector perform” rating and set a $11.00 price objective on shares of Mobileye Global in a report on Thursday, December 5th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Mobileye Global has a consensus rating of “Hold” and a consensus target price of $23.20.

Mobileye Global Price Performance

NASDAQ:MBLY opened at $16.54 on Wednesday. The stock’s 50 day simple moving average is $17.86 and its two-hundred day simple moving average is $16.38. Mobileye Global has a 1 year low of $10.48 and a 1 year high of $34.00. The company has a market cap of $13.41 billion, a price-to-earnings ratio of -4.53, a PEG ratio of 11.65 and a beta of 0.30.

Hedge Funds Weigh In On Mobileye Global

A number of large investors have recently bought and sold shares of MBLY. Rakuten Securities Inc. raised its holdings 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 acquiring an additional 1,061 shares during the last quarter. Versant Capital Management Inc increased its holdings in shares of Mobileye Global by 580.0% during the 4th quarter. Versant Capital Management Inc now owns 1,326 shares of the company’s stock worth $26,000 after buying an additional 1,131 shares during the last quarter. FNY Investment Advisers LLC acquired a new stake in Mobileye Global during the fourth quarter worth $30,000. Quarry LP acquired a new stake in shares of Mobileye Global during the 3rd quarter worth about $31,000. Finally, Harel Insurance Investments & Financial Services Ltd. acquired a new stake in Mobileye Global in the 4th quarter valued at approximately $58,000. Institutional investors and hedge funds 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.