In a report released today, Ivan Feinseth from Tigress Financial initiated coverage with a Buy rating on Mobileye Global, Inc. Class A (MBLY – Research Report) and a price target of $44.00. The company’s shares opened today at $32.43.
Feinseth covers the Technology sector, focusing on stocks such as AT&T, Meta Platforms, and Qualcomm. According to TipRanks, Feinseth has an average return of 11.8% and a 62.37% success rate on recommended stocks.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Mobileye Global, Inc. Class A with a $41.38 average price target, a 27.60% upside from current levels. In a report released on December 1, New Street also initiated coverage with a Buy rating on the stock with a $42.00 price target.
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The company has a one-year high of $32.90 and a one-year low of $24.85. Currently, Mobileye Global, Inc. Class A has an average volume of 2.79M.
Based on the recent corporate insider activity of 7 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of MBLY in relation to earlier this year.
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Mobileye Global Inc engages in the development and deployment of ADAS and autonomous driving technologies and solutions. It is building a portfolio of end-to-end ADAS and autonomous driving solutions to provide the capabilities needed for the future of autonomous driving, leveraging a comprehensive suite of purpose-built software and hardware technologies. Its solutions comprise of Driver Assist, Cloud-Enhanced Driver Assist, Mobileye SuperVision Lite, Mobileye SuperVision, Mobileye Chauffeur, Mobileye Drive, Self-Driving System & Vehicles. It also provides data services to Expedite Maintenance Operations with AI-Powered Road Survey Technology.
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