The Goldman Sachs Group Issues Positive Forecast for Mobileye Global (NASDAQ:MBLY) Stock Price

Mobileye Global (NASDAQ:MBLY) had its price objective upped by The Goldman Sachs Group from $18.00 to $20.00 in a report published on Monday morning,Benzinga reports. They currently have a buy rating on the stock.

MBLY has been the subject of several other research reports. Loop Capital boosted their price objective on Mobileye Global from $20.00 to $23.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. Canaccord Genuity Group decreased their price objective on Mobileye Global from $27.00 to $25.00 and set a “buy” rating for the company in a report on Friday, November 1st. Barclays upped their price target on Mobileye Global from $18.00 to $22.00 and gave the stock an “overweight” rating in a report on Wednesday, January 22nd. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $11.00 price target on shares of Mobileye Global in a report on Thursday, December 5th. Finally, Bank of America raised Mobileye Global from an “underperform” rating to a “neutral” rating and upped their price target for the stock from $12.00 to $19.00 in a report on Monday, February 10th. Two investment analysts have rated the stock with a sell rating, eleven 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, the company has a consensus rating of “Hold” and a consensus price target of $22.95.

Mobileye Global Stock Performance

Mobileye Global stock opened at $16.42 on Monday. The business’s 50-day simple moving average is $17.52 and its two-hundred day simple moving average is $15.56. The company has a market cap of $13.32 billion, a PE ratio of -4.30, a PEG ratio of 69.54 and a beta of 0.26. Mobileye Global has a fifty-two week low of $10.48 and a fifty-two week high of $34.00.

Mobileye Global (NASDAQ:MBLY) last issued its quarterly earnings data on Thursday, January 30th. The company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.08). Mobileye Global had a negative net margin of 186.82% and a negative return on equity of 0.34%. As a group, analysts predict that Mobileye Global will post 0.01 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Shufro Rose & Co. LLC lifted its stake in Mobileye Global by 100.0% during the fourth quarter. Shufro Rose & Co. LLC now owns 20,000 shares of the company’s stock worth $398,000 after purchasing an additional 10,000 shares in the last quarter. Tidal Investments LLC lifted its stake in Mobileye Global by 30.9% during the fourth quarter. Tidal Investments LLC now owns 47,885 shares of the company’s stock worth $954,000 after purchasing an additional 11,299 shares in the last quarter. Tiger Pacific Capital LP acquired a new position in Mobileye Global during the fourth quarter worth $2,681,000. Needham Investment Management LLC acquired a new position in Mobileye Global during the fourth quarter worth $996,000. Finally, Light Street Capital Management LLC acquired a new position in Mobileye Global during the fourth quarter worth $15,276,000. 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.