Mobileye Global (NASDAQ:MBLY) Price Target Raised to $37.00 at TD Cowen

Mobileye Global (NASDAQ:MBLY) had its price objective increased by TD Cowen from $35.00 to $37.00 in a research report report published on Friday morning, Marketbeat reports. The firm currently has a buy rating on the stock.

A number of other research analysts also recently issued reports on MBLY. Piper Sandler began coverage on shares of Mobileye Global in a research report on Friday, March 15th. They issued a neutral rating and a $31.00 price target on the stock. JPMorgan Chase & Co. lifted their price objective on shares of Mobileye Global from $34.00 to $38.00 and gave the company an overweight rating in a research report on Thursday, April 11th. Wolfe Research upgraded shares of Mobileye Global from a peer perform rating to an outperform rating and set a $41.00 price objective on the stock in a research report on Friday, April 12th. Royal Bank of Canada dropped their price target on shares of Mobileye Global from $45.00 to $39.00 and set an outperform rating on the stock in a research report on Friday, January 26th. Finally, Morgan Stanley downgraded shares of Mobileye Global from an equal weight rating to an underweight rating and dropped their price target for the stock from $26.00 to $25.00 in a research report on Friday. Three equities research analysts have rated the stock with a sell rating, one has given a hold rating and fifteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Mobileye Global currently has an average rating of Moderate Buy and a consensus target price of $40.58.

Mobileye Global Price Performance

NASDAQ MBLY opened at $28.00 on Friday. The company’s fifty day moving average price is $29.27 and its two-hundred day moving average price is $33.27. Mobileye Global has a 12 month low of $23.49 and a 12 month high of $47.41. The company has a market capitalization of $22.57 billion, a price-to-earnings ratio of -133.33, a price-to-earnings-growth ratio of 13.57 and a beta of -0.22.

Institutional Trading of Mobileye Global

Institutional investors and hedge funds have recently modified their holdings of the company. CWM LLC acquired a new stake in shares of Mobileye Global in the third quarter worth $25,000. Principal Securities Inc. acquired a new stake in shares of Mobileye Global in the fourth quarter worth $28,000. Cary Street Partners Investment Advisory LLC acquired a new stake in shares of Mobileye Global in the third quarter worth $35,000. Register Financial Advisors LLC acquired a new position in Mobileye Global during the 1st quarter valued at $32,000. Finally, Venturi Wealth Management LLC raised its stake in Mobileye Global by 33.3% during the 3rd quarter. Venturi Wealth Management LLC now owns 1,200 shares of the company’s stock valued at $50,000 after purchasing an additional 300 shares during the last quarter. 13.25% of the stock is currently owned by institutional investors and hedge funds.

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.