Westpark Capital began coverage on shares of Mobileye Global (NASDAQ:MBLY – Get Rating) in a research report released on Wednesday, The Fly reports. The firm issued a hold rating on the stock.
A number of other research firms have also weighed in on MBLY. Mizuho raised their target price on shares of Mobileye Global from $40.00 to $42.00 and gave the stock a buy rating in a research note on Friday, January 27th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Mobileye Global in a research note on Tuesday, January 17th. They issued a buy rating and a $48.00 target price on the stock. Barclays assumed coverage on shares of Mobileye Global in a research note on Tuesday, February 14th. They issued an overweight rating and a $60.00 target price on the stock. New Street Research assumed coverage on shares of Mobileye Global in a research note on Thursday, December 1st. They issued a buy rating and a $42.00 target price on the stock. Finally, Needham & Company LLC raised their target price on shares of Mobileye Global from $43.00 to $45.00 and gave the stock a buy rating in a research note on Friday, January 27th. Four research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of Moderate Buy and an average price target of $43.65.
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Mobileye Global Stock Performance
MBLY stock opened at $41.43 on Wednesday. Mobileye Global has a 12-month low of $24.85 and a 12-month high of $48.11. The business has a 50-day moving average price of $39.62.
Mobileye Global (NASDAQ:MBLY – Get Rating) last posted its quarterly earnings data on Thursday, January 26th. The company reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.09. The firm had revenue of $565.00 million during the quarter, compared to analyst estimates of $535.30 million. The company's revenue for the quarter was up 58.7% on a year-over-year basis. As a group, analysts expect that Mobileye Global will post 0.66 earnings per share for the current year.
Institutional Trading of Mobileye Global
Several hedge funds have recently made changes to their positions in the business. Edmond DE Rothschild Holding S.A. purchased a new stake in Mobileye Global during the 4th quarter worth approximately $36,000. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of Mobileye Global during the fourth quarter worth $72,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in shares of Mobileye Global during the fourth quarter worth $79,000. Steward Partners Investment Advisory LLC acquired a new stake in shares of Mobileye Global in the fourth quarter valued at $117,000. Finally, Private Trust Co. NA purchased a new position in Mobileye Global in the fourth quarter valued at $140,000. Institutional investors and hedge funds own 1.38% of the company's stock.
Mobileye Global Company Profile
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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.