Mobileye Global Inc. (NASDAQ:MBLY) Stock Has Average Price Target of $10.43

Shares of Mobileye Global Inc. (NASDAQ:MBLY) have been given a consensus recommendation of “Hold” by the twenty-three brokerages that are presently covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $10.43.

Several brokerages have recently weighed in on MBLY. UBS Group decreased their price target on Mobileye Global from $7.50 to $7.00 and set a “neutral” rating on the stock in a research report on Friday, October 30th. JPMorgan Chase & Co. reduced their target price on Mobileye Global from $9.00 to $7.50 and set a “neutral” rating for the company in a research report on Monday, November 2nd. Weiss Ratings restated a “sell (d-)” rating on shares of Mobileye Global in a research note on Friday, October 2nd. Morgan Stanley cut their price objective on Mobileye Global from $10.00 to $9.00 and set an “equal weight” rating for the company in a report on Thursday, October 15th. Finally, Zacks Research cut shares of Mobileye Global from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 20th.

Hedge Funds Weigh In On Mobileye Global

A number of institutional investors have recently bought and sold shares of the stock. BCGM Wealth Management LLC boosted its stake in Mobileye Global by 56.7% in the 1st quarter. BCGM Wealth Management LLC now owns 368,763 shares of the company’s stock worth $2,533,000 after purchasing an additional 133,471 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. lifted its holdings in shares of Mobileye Global by 24.5% during the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 3,585,733 shares of the company’s stock valued at $24,634,000 after purchasing an additional 705,400 shares in the last quarter. Bank of America Corp DE lifted its holdings in shares of Mobileye Global by 5.8% during the first quarter. Bank of America Corp DE now owns 2,036,548 shares of the company’s stock valued at $13,991,000 after purchasing an additional 111,215 shares in the last quarter. Counterpoint Mutual Funds LLC purchased a new stake in shares of Mobileye Global during the third quarter valued at $9,074,000. Finally, Royal Bank of Canada boosted its position in shares of Mobileye Global by 129.6% during the first quarter. Royal Bank of Canada now owns 224,315 shares of the company’s stock valued at $1,541,000 after buying an additional 126,634 shares during the last quarter. 13.25% of the stock is owned by institutional investors.

Mobileye Global Stock Down 2.4%

Shares of NASDAQ:MBLY opened at $5.64 on Tuesday. The firm has a market capitalization of $4.74 billion, a PE ratio of -1.14, a P/E/G ratio of 1.89 and a beta of 1.30. The company has a 50-day moving average price of $7.14 and a two-hundred day moving average price of $8.33. Mobileye Global has a twelve month low of $4.89 and a twelve month high of $14.33.

Mobileye Global (NASDAQ:MBLY) last announced its quarterly earnings results on Thursday, October 29th. The company reported $0.11 EPS for the quarter, beating analysts’ consensus estimates of $0.10 by $0.01. The company had revenue of $492.00 million for the quarter, compared to analysts’ expectations of $476.78 million. Mobileye Global had a negative net margin of 201.25% and a positive return on equity of 0.66%. Mobileye Global’s revenue was down 2.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.09 EPS. Analysts anticipate that Mobileye Global will post 0.11 earnings per share for the current fiscal year.

Mobileye Global Company Profile

Mobileye Global develops advanced driver-assistance systems (ADAS) and autonomous-driving technologies for automakers. Its products include EyeQ system-on-chips, computer-vision software, sensing and mapping technologies, and driver-assistance and automated-driving systems designed for vehicles ranging from mass-market models to premium platforms. Founded in Israel in 1999, Mobileye was acquired by Intel in 2017 and became a publicly traded company again in 2022. The company is headquartered in Jerusalem and serves automotive manufacturers and other mobility customers around the world.