Mobility Global (NYSE:MBGL) Stock Gets Price Target Boost from Barclays

Mobility Global (NYSE:MBGL) had its price objective increased by stock analysts at Barclays from $23.00 to $25.00 in a note issued to investors on Friday, Benzinga reports. The firm currently has an “equal weight” rating on the stock. Barclays‘s price objective indicates a potential upside of 7.75% from the company’s previous close.

A number of other research analysts have also issued reports on the stock. Wolfe Research upgraded shares of Mobility Global to a “strong-buy” rating in a research report on Monday, July 20th. JPMorgan Chase & Co. assumed coverage on shares of Mobility Global in a report on Monday, September 28th. They set a “neutral” rating and a $21.00 target price on the stock. Citigroup started coverage on shares of Mobility Global in a research report on Tuesday, August 11th. They issued a “neutral” rating and a $23.00 price target for the company. Weiss Ratings upgraded shares of Mobility Global from a “sell (d)” rating to a “sell (d+)” rating in a research report on Thursday, October 22nd. Finally, Bank of America initiated coverage on Mobility Global in a research note on Friday, August 21st. They issued a “neutral” rating and a $23.00 price target for the company. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $24.00.

Mobility Global Stock Performance

Shares of MBGL stock traded up $0.07 on Friday, hitting $23.20. The company’s stock had a trading volume of 5,772,059 shares, compared to its average volume of 3,818,648. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.93 and a quick ratio of 1.88. The business has a 50 day simple moving average of $19.08. Mobility Global has a fifty-two week low of $16.95 and a fifty-two week high of $26.00. The company has a market cap of $6.87 billion and a P/E ratio of 128.89.

Mobility Global (NYSE:MBGL) last released its quarterly earnings results on Thursday, November 12th. The company reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.02. The business had revenue of $478.00 million for the quarter. The business’s revenue for the quarter was up 7.4% compared to the same quarter last year. On average, research analysts forecast that Mobility Global will post 1.52 earnings per share for the current year.

Institutional Investors Weigh In On Mobility Global

Several institutional investors and hedge funds have recently bought and sold shares of the company. Boston Partners bought a new position in Mobility Global in the 3rd quarter valued at about $201,882,000. State Street Corp acquired a new position in shares of Mobility Global in the 3rd quarter valued at approximately $175,280,000. William Blair Investment Management LLC acquired a new position in shares of Mobility Global in the 3rd quarter valued at approximately $90,742,000. Mawer Investment Management Ltd. bought a new stake in shares of Mobility Global during the 3rd quarter worth approximately $63,568,000. Finally, Alberta Investment Management Corp bought a new stake in shares of Mobility Global during the 3rd quarter worth approximately $38,899,000.

Latest Mobility Global News

Here’s some of the latest news about MBGL:

• Positive Sentiment: Mobility Global reported Q3 EPS of $0.40, topping the $0.38 consensus, while revenue rose 7.4% year over year to $478 million. The company also raised its FY2026 EBITDA outlook, helping drive positive reaction to the results. Article: Mobility Global jumps on Q3 beat and higher EBITDA outlook
• Positive Sentiment: The company authorized an $800 million share-repurchase program. Its free cash flow and hard-to-replicate data collection network may support continued capital returns, according to coverage of the company. Article: Mobility Global authorizes $800M share repurchase program Article: Why Mobility Global Stock Gained Today
• Neutral Sentiment: JPMorgan, Baird, RBC and Barclays also increased their targets, generally to $25–$26, but retained neutral, sector-perform or equal-weight ratings. The higher targets are supportive, while the ratings suggest these firms see more limited near-term conviction. JPMorgan recommendations Baird recommendations

About Mobility Global

Mobility Global is a blank-check company formed to pursue a merger, acquisition, share exchange or similar business combination with an operating business. It does not have established products or services of its own. The company’s stated focus is the mobility sector, which may include businesses involved in transportation, automotive services, logistics and related technologies. Its activities are centered on identifying and completing a suitable business combination.