Evercore ISI Begins Coverage on Mobileye Global (NASDAQ:MBLY)

Evercore ISI assumed coverage on shares of Mobileye Global (NASDAQ:MBLYGet Rating) in a report issued on Monday morning, Marketbeat reports. The firm issued an outperform rating and a $36.00 price target on the stock.

A number of other research analysts have also commented on MBLY. The Goldman Sachs Group assumed coverage on Mobileye Global in a report on Monday. They set a buy rating and a $36.00 price target for the company. Needham & Company LLC began coverage on Mobileye Global in a research report on Monday. They set a buy rating and a $40.00 price objective on the stock. Raymond James began coverage on Mobileye Global in a research report on Monday. They set a strong-buy rating and a $50.00 price objective on the stock. Cowen began coverage on Mobileye Global in a research report on Monday. They set an outperform rating and a $35.00 price objective on the stock. Finally, Cowen began coverage on Mobileye Global in a research report on Monday. They set an outperform rating and a $35.00 price objective on the stock. Three research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of Moderate Buy and an average price target of $37.27.

Mobileye Global Price Performance

Shares of MBLY stock opened at $29.31 on Monday. Mobileye Global has a 12 month low of $24.85 and a 12 month high of $31.88.

Insider Buying and Selling at Mobileye Global

In other Mobileye Global news, CEO Amnon Shashua bought 476,191 shares of the firm’s stock in a transaction dated Friday, October 28th. The shares were bought at an average price of $21.00 per share, for a total transaction of $10,000,011.00. Following the completion of the acquisition, the chief executive officer now owns 476,191 shares of the company’s stock, valued at $10,000,011. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Mobileye Global news, Director Safroadu Yeboah-Amankwah bought 47,519 shares of the firm’s stock in a transaction dated Friday, October 28th. The shares were bought at an average price of $21.00 per share, for a total transaction of $997,899.00. Following the completion of the acquisition, the director now owns 47,519 shares of the company’s stock, valued at $997,899. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Amnon Shashua bought 476,191 shares of the firm’s stock in a transaction dated Friday, October 28th. The shares were acquired at an average price of $21.00 per share, for a total transaction of $10,000,011.00. Following the acquisition, the chief executive officer now directly owns 476,191 shares of the company’s stock, valued at approximately $10,000,011. The disclosure for this purchase can be found here.

About Mobileye Global

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Mobileye Global Inc engages in the development and deployment of advanced driver assistance systems (ADAS) and autonomous driving technologies and solutions worldwide. The company offers Driver Assist, which comprise 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 driver assist 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 and supports over-the-air updates.

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