Mobileye Global (NASDAQ:MBLY) Price Target Raised to $37.00 at Canaccord Genuity Group

Mobileye Global (NASDAQ:MBLY) had its price objective upped by Canaccord Genuity Group from $31.00 to $37.00 in a research report sent to investors on Friday, Benzinga reports. The brokerage currently has a buy rating on the stock.

MBLY has been the subject of several other research reports. Piper Sandler began coverage on Mobileye Global in a research note on Friday, March 15th. They issued a neutral rating and a $31.00 target price for the company. JPMorgan Chase & Co. increased their target price on shares of Mobileye Global from $34.00 to $38.00 and gave the company an overweight rating in a report on Thursday, April 11th. Robert W. Baird lowered their price target on shares of Mobileye Global from $43.00 to $42.00 and set an outperform rating for the company in a research note on Friday, January 26th. TD Cowen lifted their price objective on Mobileye Global from $35.00 to $37.00 and gave the stock a buy rating in a report on Friday. Finally, Wolfe Research upgraded Mobileye Global from a peer perform rating to an outperform rating and set a $41.00 target price for the company in a report on Friday, April 12th. Three research analysts have rated the stock with a sell rating, one has issued a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of Moderate Buy and an average target price of $40.58.

Mobileye Global Stock Down 4.1 %

Shares of MBLY stock opened at $28.00 on Friday. The business has a 50-day moving average price of $29.27 and a two-hundred day moving average price of $33.27. Mobileye Global has a 12-month low of $23.49 and a 12-month high of $47.41. The firm has a market cap of $22.57 billion, a P/E ratio of -133.33, a price-to-earnings-growth ratio of 13.57 and a beta of -0.22.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Norges Bank bought a new stake in Mobileye Global in the fourth quarter worth $437,842,000. Kodai Capital Management LP purchased a new position in shares of Mobileye Global in the 4th quarter worth about $148,924,000. Wellington Management Group LLP boosted its stake in Mobileye Global by 200.3% in the 4th quarter. Wellington Management Group LLP now owns 3,398,211 shares of the company’s stock worth $147,210,000 after purchasing an additional 2,266,438 shares in the last quarter. Franklin Resources Inc. grew its position in Mobileye Global by 25.8% during the 4th quarter. Franklin Resources Inc. now owns 2,622,704 shares of the company’s stock valued at $113,616,000 after purchasing an additional 538,371 shares during the last quarter. Finally, DAVENPORT & Co LLC increased its stake in Mobileye Global by 2.0% during the 4th quarter. DAVENPORT & Co LLC now owns 1,956,339 shares of the company’s stock valued at $85,109,000 after purchasing an additional 38,667 shares in the last quarter. Institutional investors own 13.25% of the company’s stock.

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.