Mobileye Global (NASDAQ:MBLY) Stock Price Expected to Rise, The Goldman Sachs Group Analyst Says

Mobileye Global (NASDAQ:MBLY) had its target price boosted by research analysts at The Goldman Sachs Group from $18.00 to $20.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. The Goldman Sachs Group’s target price would indicate a potential upside of 24.38% from the company’s previous close.

A number of other brokerages have also recently commented on MBLY. Oppenheimer started coverage on Mobileye Global in a research note on Wednesday, January 15th. They set an “outperform” rating and a $28.00 price objective on the stock. Needham & Company LLC restated a “buy” rating and set a $20.00 price objective on shares of Mobileye Global in a research note on Friday, January 31st. Bank of America upgraded Mobileye Global from an “underperform” rating to a “neutral” rating and boosted their price target for the stock from $12.00 to $19.00 in a research note on Monday, February 10th. Canaccord Genuity Group cut their price target on Mobileye Global from $27.00 to $25.00 and set a “buy” rating on the stock in a research note on Friday, November 1st. Finally, Robert W. Baird boosted their price target on Mobileye Global from $17.00 to $18.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $22.95.

Mobileye Global Price Performance

Shares of MBLY opened at $16.08 on Monday. The stock’s 50-day moving average is $17.53 and its two-hundred day moving average is $15.56. The stock has a market cap of $13.04 billion, a PE ratio of -4.21, a P/E/G ratio of 69.54 and a beta of 0.26. Mobileye Global has a 12 month low of $10.48 and a 12 month high of $34.00.

Mobileye Global (NASDAQ:MBLY) last issued its quarterly earnings data on Thursday, January 30th. The company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.08). Mobileye Global had a negative return on equity of 0.34% and a negative net margin of 186.82%. On average, research analysts anticipate that Mobileye Global will post 0.01 earnings per share for the current year.

Hedge Funds Weigh In On Mobileye Global

Several institutional investors have recently made changes to their positions in MBLY. Rakuten Securities Inc. grew its holdings in shares of Mobileye Global by 140.2% during the third quarter. Rakuten Securities Inc. now owns 1,818 shares of the company’s stock valued at $25,000 after purchasing an additional 1,061 shares during the last quarter. Parkside Financial Bank & Trust grew its holdings in shares of Mobileye Global by 147.4% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,237 shares of the company’s stock valued at $25,000 after purchasing an additional 737 shares during the last quarter. Versant Capital Management Inc grew its holdings in shares of Mobileye Global by 580.0% during the fourth quarter. Versant Capital Management Inc now owns 1,326 shares of the company’s stock valued at $26,000 after purchasing an additional 1,131 shares during the last quarter. FNY Investment Advisers LLC bought a new position in shares of Mobileye Global during the fourth quarter valued at approximately $30,000. Finally, Quarry LP bought a new position in shares of Mobileye Global during the third quarter valued at approximately $31,000. 13.25% of the stock is owned by institutional investors.

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.