Mobileye Global (NASDAQ:MBLY) Upgraded to Outperform at Wolfe Research

Wolfe Research upgraded shares of Mobileye Global (NASDAQ:MBLY) from a peer perform rating to an outperform rating in a report published on Thursday, MarketBeat.com reports.

Several other equities research analysts have also recently weighed in on the stock. Mizuho upped their price target on shares of Mobileye Global from $13.00 to $15.00 and gave the stock a “neutral” rating in a research report on Monday, November 18th. The Goldman Sachs Group cut their price target on shares of Mobileye Global from $24.00 to $20.00 and set a “buy” rating on the stock in a research note on Tuesday, October 1st. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $15.00 price target on shares of Mobileye Global in a research note on Tuesday, September 10th. Barclays dropped their price objective on shares of Mobileye Global from $19.00 to $18.00 and set an “overweight” rating on the stock in a report on Monday, November 4th. Finally, BNP Paribas downgraded shares of Mobileye Global from a “neutral” rating to an “underperform” rating and set a $12.00 price objective on the stock. in a report on Wednesday, October 2nd. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $23.14.

Mobileye Global Price Performance

Mobileye Global stock opened at $17.10 on Thursday. The stock has a market cap of $13.87 billion, a price-to-earnings ratio of -4.68 and a beta of 0.44. Mobileye Global has a 1 year low of $10.48 and a 1 year high of $44.48. The firm has a 50-day moving average of $14.77 and a two-hundred day moving average of $18.75.

Institutional Investors Weigh In On Mobileye Global

Several hedge funds and other institutional investors have recently bought and sold shares of MBLY. Rakuten Securities Inc. increased its position in Mobileye Global by 140.2% during the third quarter. Rakuten Securities Inc. now owns 1,818 shares of the company’s stock worth $25,000 after purchasing an additional 1,061 shares during the last quarter. Quarry LP acquired a new stake in Mobileye Global during the third quarter worth about $31,000. Cranbrook Wealth Management LLC acquired a new stake in Mobileye Global during the second quarter worth about $84,000. Quest Partners LLC acquired a new stake in Mobileye Global during the third quarter worth about $102,000. Finally, EverSource Wealth Advisors LLC increased its position in Mobileye Global by 1,019.9% during the second quarter. EverSource Wealth Advisors LLC now owns 3,819 shares of the company’s stock worth $107,000 after purchasing an additional 3,478 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.