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Mobileye Global (NASDAQ:MBLY) Earns Buy Rating From Analysts at New Street Research

Financial News Live ·  12/01/2022 23:11

Research analysts at New Street Research assumed coverage on shares of Mobileye Global (NASDAQ:MBLY – Get Rating) in a research report issued to clients and investors on Thursday, Briefing.com reports. The brokerage set a "buy" rating and a $42.00 price target on the stock. New Street Research's price objective indicates a potential upside of 46.09% from the company's previous close.

Other research analysts have also recently issued research reports about the stock. Mizuho assumed coverage on shares of Mobileye Global in a research report on Monday, November 21st. They issued a "buy" rating and a $35.00 price objective for the company. Raymond James started coverage on Mobileye Global in a research note on Monday, November 21st. They set a "strong-buy" rating and a $50.00 price target on the stock. Wolfe Research assumed coverage on Mobileye Global in a research report on Monday, November 21st. They issued a "peer perform" rating for the company. Morgan Stanley assumed coverage on shares of Mobileye Global in a research report on Monday, November 21st. They set an "equal weight" rating and a $32.00 target price on the stock. Finally, Cowen started coverage on shares of Mobileye Global in a research report on Monday, November 21st. They set an "outperform" rating and a $35.00 price target for the company. Three investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $37.67.

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Mobileye Global Stock Up 0.8 %

Shares of NASDAQ MBLY opened at $28.75 on Thursday. Mobileye Global has a 1-year low of $24.85 and a 1-year high of $31.88.

Insider Activity

In other Mobileye Global news, CEO Amnon Shashua purchased 476,191 shares of the stock in a transaction on Friday, October 28th. The stock was bought at an average cost of $21.00 per share, for a total transaction of $10,000,011.00. Following the completion of the acquisition, the chief executive officer now directly owns 476,191 shares of the company's stock, valued at $10,000,011. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, CEO Amnon Shashua purchased 476,191 shares of the business's stock in a transaction on Friday, October 28th. The shares were purchased at an average price of $21.00 per share, with a total value of $10,000,011.00. Following the completion of the purchase, the chief executive officer now owns 476,191 shares in the company, valued at approximately $10,000,011. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Safroadu Yeboah-Amankwah acquired 47,519 shares of the stock in a transaction dated Friday, October 28th. The shares were bought at an average cost of $21.00 per share, with a total value of $997,899.00. Following the transaction, the director now directly owns 47,519 shares of the company's stock, valued at $997,899. The disclosure for this purchase can be found here.

About Mobileye Global

(Get Rating)

Mobileye Global Inc engages in the development and deployment of advanced driver assistance systems (ADAS) and autonomous driving technologies and solutions worldwide. The company offers Driver Assist, which comprise 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 driver assist 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 and supports over-the-air updates.

Further Reading

  • Get a free copy of the StockNews.com research report on Mobileye Global (MBLY)
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