Shares of Mobileye Global Inc. (NASDAQ:MBLY – Get Rating) have been assigned a consensus rating of "Moderate Buy" from the twenty research firms that are currently covering the firm, MarketBeat Ratings reports. Four analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $43.65.
A number of brokerages recently issued reports on MBLY. Cowen raised their target price on shares of Mobileye Global from $35.00 to $42.00 and gave the stock an "outperform" rating in a research report on Friday, January 27th. Deutsche Bank Aktiengesellschaft started coverage on Mobileye Global in a report on Tuesday, January 17th. They set a "buy" rating and a $48.00 price objective on the stock. Loop Capital started coverage on Mobileye Global in a research note on Tuesday, January 24th. They issued a "buy" rating and a $45.00 target price for the company. Tigress Financial raised their price target on Mobileye Global from $44.00 to $52.00 and gave the stock a "buy" rating in a research note on Thursday, February 2nd. Finally, Robert W. Baird lifted their price target on Mobileye Global from $40.00 to $50.00 and gave the company an "outperform" rating in a report on Friday, February 10th.
Get Mobileye Global alerts:Hedge Funds Weigh In On Mobileye Global
Hedge funds and other institutional investors have recently made changes to their positions in the business. Edmond DE Rothschild Holding S.A. acquired a new position in shares of Mobileye Global during the 4th quarter valued at $36,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Mobileye Global during the 4th quarter valued at $72,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in shares of Mobileye Global during the 4th quarter valued at $79,000. Steward Partners Investment Advisory LLC acquired a new position in shares of Mobileye Global during the 4th quarter valued at $117,000. Finally, Private Trust Co. NA acquired a new position in shares of Mobileye Global during the 4th quarter valued at $140,000. Institutional investors and hedge funds own 1.38% of the company's stock.
Mobileye Global Stock Down 5.2 %
NASDAQ MBLY opened at $40.77 on Friday. Mobileye Global has a fifty-two week low of $24.85 and a fifty-two week high of $48.11. The business has a fifty day moving average of $40.11.
Mobileye Global (NASDAQ:MBLY – Get Rating) last announced its earnings results on Thursday, January 26th. The company reported $0.27 earnings per share for the quarter, beating 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. Mobileye Global's revenue for the quarter was up 58.7% on a year-over-year basis. As a group, research analysts predict that Mobileye Global will post 0.66 earnings per share for the current fiscal year.
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.
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