Mobileye Global (NASDAQ:MBLY) Stock Gets Price Target Reduction from Morgan Stanley

Mobileye Global (NASDAQ:MBLY) had its target price lowered by Morgan Stanley from $10.00 to $9.00 in a research report report published on Thursday,Benzinga reports. The firm currently has an equal weight rating on the stock.

Several other brokerages have also recently commented on MBLY. JPMorgan Chase & Co. dropped their target price on Mobileye Global from $10.00 to $9.00 and set a “neutral” rating on the stock in a report on Friday, July 24th. TD Cowen cut their target price on Mobileye Global from $11.50 to $9.00 and set a “buy” rating for the company in a research report on Friday, July 24th. Tigress Financial decreased their price target on Mobileye Global from $25.00 to $18.00 and set a “buy” rating for the company in a research note on Thursday, July 30th. Royal Bank Of Canada lowered their price target on Mobileye Global from $10.00 to $7.00 and set a “sector perform” rating on the stock in a research report on Friday, July 24th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Mobileye Global in a research report on Friday, October 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, ten have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $11.23.

Mobileye Global Trading Down 2.8%

Mobileye Global stock opened at $7.22 on Thursday. Mobileye Global has a 52 week low of $6.47 and a 52 week high of $15.19. The stock has a market cap of $6.06 billion, a price-to-earnings ratio of -1.45, a PEG ratio of 2.43 and a beta of 1.25. The company’s 50-day moving average price is $8.10 and its two-hundred day moving average price is $8.59.

Mobileye Global (NASDAQ:MBLY) last issued its quarterly earnings results on Thursday, July 23rd. The company reported $0.19 earnings per share for the quarter, topping analysts’ consensus estimates of $0.06 by $0.13. The company had revenue of $508.00 million during the quarter, compared to analyst estimates of $480.51 million. Mobileye Global had a negative net margin of 201.49% and a positive return on equity of 0.70%. The business’s revenue for the quarter was up .4% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.08) EPS. Research analysts expect that Mobileye Global will post 0.11 earnings per share for the current fiscal year.

Insider Activity

In other Mobileye Global news, Director Safroadu Yeboah-Amankwah bought 11,841 shares of the company’s stock in a transaction that occurred on Thursday, August 6th. The shares were acquired at an average cost of $8.46 per share, for a total transaction of $100,174.86. Following the acquisition, the director directly owned 84,336 shares of the company’s stock, valued at $713,482.56. This trade represents a 16.33% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, Director Frank D. Yeary bought 12,360 shares of the business’s stock in a transaction that occurred on Thursday, July 30th. The shares were acquired at an average cost of $7.98 per share, with a total value of $98,632.80. Following the completion of the purchase, the director owned 12,360 shares of the company’s stock, valued at approximately $98,632.80. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Company insiders own 10.00% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of MBLY. Counterpoint Mutual Funds LLC bought a new stake in shares of Mobileye Global during the 3rd quarter worth $9,074,000. Vontobel Holding Ltd. grew its holdings in shares of Mobileye Global by 51.2% in the 3rd quarter. Vontobel Holding Ltd. now owns 38,030 shares of the company’s stock worth $281,000 after acquiring an additional 12,870 shares during the last quarter. Assenagon Asset Management S.A. grew its holdings in shares of Mobileye Global by 6.9% in the 3rd quarter. Assenagon Asset Management S.A. now owns 2,586,131 shares of the company’s stock worth $19,112,000 after acquiring an additional 166,392 shares during the last quarter. Farther Finance Advisors LLC raised its position in shares of Mobileye Global by 665.2% during the third quarter. Farther Finance Advisors LLC now owns 11,386 shares of the company’s stock worth $84,000 after purchasing an additional 9,898 shares during the period. Finally, Tidal Investments LLC raised its position in shares of Mobileye Global by 17.8% during the second quarter. Tidal Investments LLC now owns 159,149 shares of the company’s stock worth $1,541,000 after purchasing an additional 24,088 shares during the period. Institutional investors own 13.25% of the company’s stock.

Key Mobileye Global News

Here are the key news stories impacting Mobileye Global this week:

• Positive Sentiment: Citigroup initiated coverage with a Buy rating and an $11 price target, implying substantial upside from MBLY’s recent $7.22 level. Citi highlighted Mobileye’s position as a global leader in vehicle-vision technology and its long-term opportunity in advanced driver-assistance systems. Citigroup Initiates Mobileye Global at Buy Rating, $11 Price Target
• Positive Sentiment: Analyst estimates compiled in a separate report put Mobileye’s average price target at approximately $11.25, suggesting that analysts collectively see meaningful recovery potential from current levels. Mobileye Global Inc. Stock Has Average Target Price of $11.25
• Neutral Sentiment: A Zacks industry outlook featured Mobileye alongside Hesai Group, keeping MBLY in focus within the vehicle-sensing and autonomous-driving technology sector. However, the available information does not identify a new earnings forecast or specific company catalyst. Zacks Industry Outlook Highlights Mobileye Global and Hesai Group
• Negative Sentiment: Morgan Stanley lowered its price target from $10 to $9 and maintained an Equal Weight rating. Although the revised target remains above the recent share price, the cut signals more limited near-term conviction and offsets some of Citi’s optimism. Morgan Stanley Lowers Mobileye Price Target

Mobileye Global Company Profile

Mobileye Global Inc is a technology company focused on advanced driver-assistance systems (ADAS) and autonomous driving. Its technologies are designed to help improve road safety and support automated driving through computer vision, artificial intelligence, sensor fusion and mapping.

The company develops and supplies products for automakers and mobility providers, including EyeQ system-on-chips, camera-based driver-assistance features, SuperVision hands-free driving technology, and autonomous driving platforms.