Mobileye Global Inc. (NASDAQ:MBLY – Get Rating) shares fell 4.6% during mid-day trading on Friday . The stock traded as low as $40.95 and last traded at $41.03. 256,682 shares were traded during mid-day trading, a decline of 89% from the average session volume of 2,380,448 shares. The stock had previously closed at $42.99.
Wall Street Analysts Forecast Growth
Several research firms have issued reports on MBLY. Tigress Financial lifted their target price on Mobileye Global from $44.00 to $52.00 and gave the company a "buy" rating in a research note on Thursday, February 2nd. Robert W. Baird lifted their target price on Mobileye Global from $40.00 to $50.00 and gave the stock an "outperform" rating in a report on Friday, February 10th. Barclays began coverage on Mobileye Global in a report on Tuesday, February 14th. They set an "overweight" rating and a $60.00 target price for the company. Westpark Capital began coverage on Mobileye Global in a report on Wednesday. They issued a "hold" rating for the company. Finally, JPMorgan Chase & Co. boosted their price target on Mobileye Global from $49.00 to $50.00 and gave the company an "overweight" rating in a report on Friday, January 27th. Four research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $43.65.
Get Mobileye Global alerts:Mobileye Global Stock Down 5.2 %
The company has a 50-day moving average of $40.11.
Mobileye Global (NASDAQ:MBLY – Get Rating) last issued its quarterly earnings results on Thursday, January 26th. The company reported $0.27 EPS for the quarter, topping the consensus estimate of $0.18 by $0.09. The firm had revenue of $565.00 million for the quarter, compared to analysts' expectations of $535.30 million. The company's revenue for the quarter was up 58.7% compared to the same quarter last year. As a group, analysts expect that Mobileye Global Inc. will post 0.66 EPS for the current fiscal year.
Hedge Funds Weigh In On Mobileye Global
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Edmond DE Rothschild Holding S.A. acquired a new position in shares of Mobileye Global in the 4th quarter valued at $36,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Mobileye Global in the 4th quarter valued at $72,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in shares of Mobileye Global in the 4th quarter valued at $79,000. Steward Partners Investment Advisory LLC acquired a new position in shares of Mobileye Global in the 4th quarter valued at $117,000. Finally, Private Trust Co. NA acquired a new position in shares of Mobileye Global in the 4th quarter valued at $140,000. Institutional investors and hedge funds own 1.38% of the company's stock.
Mobileye Global Company Profile
(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)
- MarketBeat Week in Review – 3/20 – 3/24
- Dividend King Genuine Parts Company Upgraded On Profit Guidance
- The Bottom Is In For Accenture
- 11 Best Consumer Discretionary Stocks of 2023
- 5 Best Dividend Capture Stocks
Receive News & Ratings for Mobileye Global Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mobileye Global and related companies with MarketBeat.com's FREE daily email newsletter.