Shares of Mobileye Global Inc. (NASDAQ:MBLY – Get Free Report) traded down 5.1% on Monday after Citigroup lowered their price target on the stock from $58.00 to $53.00. Citigroup currently has a buy rating on the stock. Mobileye Global traded as low as $27.36 and last traded at $27.72. 2,284,330 shares were traded during mid-day trading, a decline of 50% from the average session volume of 4,578,108 shares. The stock had previously closed at $29.20.
A number of other research firms have also weighed in on MBLY. Canaccord Genuity Group lifted their price objective on shares of Mobileye Global from $31.00 to $37.00 and gave the company a “buy” rating in a research report on Friday, April 26th. Robert W. Baird reduced their target price on shares of Mobileye Global from $43.00 to $42.00 and set an “outperform” rating for the company in a research note on Friday, January 26th. Raymond James reduced their target price on shares of Mobileye Global from $48.00 to $40.00 in a research note on Monday, January 22nd. Needham & Company LLC restated a “buy” rating and issued a $36.00 target price on shares of Mobileye Global in a research note on Friday, April 26th. Finally, Barclays cut their target price on Mobileye Global from $46.00 to $43.00 and set an “overweight” rating for the company in a research note on Friday, January 26th. Three analysts have rated the stock with a sell rating, one has given a hold rating and fifteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $40.58.
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Mobileye Global Stock Performance
The company has a fifty day simple moving average of $29.27 and a two-hundred day simple moving average of $33.27. The company has a market capitalization of $22.21 billion, a price-to-earnings ratio of -131.18, a P/E/G ratio of 13.57 and a beta of -0.22.
About Mobileye Global
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.
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