Mizuho Issues Positive Forecast for Mobileye Global (NASDAQ:MBLY) Stock Price

Mobileye Global (NASDAQ:MBLY) had its price target hoisted by Mizuho from $13.00 to $15.00 in a research note published on Monday,Benzinga reports. They currently have a neutral rating on the stock.

A number of other equities research analysts have also weighed in on the stock. Fox Advisors lowered shares of Mobileye Global from an “overweight” rating to an “equal weight” rating in a report on Thursday, August 1st. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $15.00 price target on shares of Mobileye Global in a research note on Tuesday, September 10th. Evercore ISI dropped their price objective on Mobileye Global from $35.00 to $30.00 and set an “outperform” rating on the stock in a research note on Monday, October 14th. Barclays decreased their target price on Mobileye Global from $19.00 to $18.00 and set an “overweight” rating for the company in a research report on Monday, November 4th. Finally, Canaccord Genuity Group dropped their price target on Mobileye Global from $27.00 to $25.00 and set a “buy” rating on the stock in a research report on Friday, November 1st. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $23.14.

Mobileye Global Trading Up 12.2 %

MBLY stock opened at $16.82 on Monday. Mobileye Global has a twelve month low of $10.48 and a twelve month high of $44.48. The business’s fifty day simple moving average is $13.37 and its two-hundred day simple moving average is $19.62.

Institutional Investors Weigh In On Mobileye Global

Several large investors have recently added to or reduced their stakes in the business. Rakuten Securities Inc. grew its position in shares of Mobileye Global by 140.2% during the third quarter. Rakuten Securities Inc. now owns 1,818 shares of the company’s stock worth $25,000 after buying an additional 1,061 shares in the last quarter. Quarry LP purchased a new stake in shares of Mobileye Global in the 3rd quarter valued at approximately $31,000. Cranbrook Wealth Management LLC purchased a new stake in shares of Mobileye Global in the 2nd quarter valued at approximately $84,000. Natixis Investment Managers International acquired a new stake in shares of Mobileye Global in the 1st quarter valued at $99,000. Finally, Quest Partners LLC purchased a new stake in shares of Mobileye Global during the 3rd quarter worth $102,000. 13.25% of the stock is owned by hedge funds and other institutional investors.

Mobileye Global Company Profile

Mobileye Global Inc develops and deploys advanced driver assistance systems (ADAS) and autonomous driving technologies and solutions worldwide. The company operates through Mobileye and Other segments. It offers Driver Assist comprising 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 navigation and assisted driving 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.