Mobileye Global (NASDAQ:MBLY) Price Target Raised to $23.00 at Loop Capital

Mobileye Global (NASDAQ:MBLY) had its price target hoisted by Loop Capital from $20.00 to $23.00 in a report issued on Wednesday,Benzinga reports. They currently have a buy rating on the stock.

Several other research analysts have also weighed in on the company. Robert W. Baird increased their target price on Mobileye Global from $17.00 to $18.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Barclays cut their price objective on Mobileye Global from $19.00 to $18.00 and set an “overweight” rating on the stock in a report on Monday, November 4th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $15.00 price objective on shares of Mobileye Global in a research note on Tuesday, September 10th. Needham & Company LLC reissued a “buy” rating and set a $20.00 target price on shares of Mobileye Global in a research report on Wednesday, December 11th. Finally, Mizuho lifted their price target 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. Three 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, the company has an average rating of “Hold” and an average price target of $23.38.

Mobileye Global Stock Performance

Shares of MBLY stock opened at $17.35 on Wednesday. The firm has a market capitalization of $14.07 billion, a price-to-earnings ratio of -4.75 and a beta of 0.44. Mobileye Global has a one year low of $10.48 and a one year high of $44.48. The company has a 50 day moving average price of $15.69 and a 200 day moving average price of $18.13.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in MBLY. Tidal Investments LLC lifted its position in shares of Mobileye Global by 4.6% during the third quarter. Tidal Investments LLC now owns 36,586 shares of the company’s stock worth $501,000 after purchasing an additional 1,617 shares during the last quarter. Sanctuary Advisors LLC bought a new position in Mobileye Global during the 3rd quarter worth approximately $273,000. Virtu Financial LLC acquired a new position in shares of Mobileye Global in the 3rd quarter worth approximately $229,000. TCW Group Inc. increased its holdings in shares of Mobileye Global by 0.8% in the 3rd quarter. TCW Group Inc. now owns 412,651 shares of the company’s stock valued at $5,653,000 after acquiring an additional 3,388 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in shares of Mobileye Global by 24.2% during the 3rd 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 in 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.