Mobileye Global (NASDAQ:MBLY) Price Target Cut to $9.00 by Analysts at Needham & Company LLC

Mobileye Global (NASDAQ:MBLY) had its price target decreased by equities researchers at Needham & Company LLC from $13.00 to $9.00 in a note issued to investors on Thursday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. Needham & Company LLC‘s price objective suggests a potential upside of 40.41% from the stock’s previous close.

A number of other brokerages have also recently commented on MBLY. TD Cowen reduced their target price on shares of Mobileye Global from $9.00 to $8.00 and set a “buy” rating for the company in a report on Monday, October 19th. Zacks Research cut Mobileye Global from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 20th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Mobileye Global in a research note on Friday, October 2nd. Morgan Stanley reduced their price objective on Mobileye Global from $10.00 to $9.00 and set an “equal weight” rating for the company in a research note on Thursday, October 15th. Finally, Tigress Financial decreased their price objective on Mobileye Global from $25.00 to $18.00 and set a “buy” rating for the company in a research report on Thursday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, ten have given a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $10.88.

Mobileye Global Stock Down 9.2%

NASDAQ:MBLY traded down $0.65 on Thursday, reaching $6.41. 9,238,453 shares of the company’s stock were exchanged, compared to its average volume of 6,933,245. The firm has a market capitalization of $5.38 billion, a price-to-earnings ratio of -1.28, a price-to-earnings-growth ratio of 2.12 and a beta of 1.25. The business has a fifty day moving average of $7.79 and a 200-day moving average of $8.60. Mobileye Global has a 52-week low of $6.37 and a 52-week high of $14.33.

Mobileye Global (NASDAQ:MBLY) last issued its earnings results on Thursday, October 29th. The company reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.01. Mobileye Global had a negative net margin of 201.49% and a positive return on equity of 0.70%. The firm had revenue of $492.00 million for the quarter, compared to analysts’ expectations of $476.78 million. During the same quarter last year, the company earned $0.09 earnings per share. The firm’s revenue was down 2.4% compared to the same quarter last year. As a group, equities analysts anticipate that Mobileye Global will post 0.11 earnings per share for the current year.

Insider Buying and Selling

In other Mobileye Global news, Director Safroadu Yeboah-Amankwah acquired 11,841 shares of the firm’s stock in a transaction on Thursday, August 6th. The stock was bought at an average cost of $8.46 per share, for a total transaction of $100,174.86. Following the completion of the purchase, the director directly owned 84,336 shares in the company, valued at $713,482.56. This represents a 16.33% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 10.00% of the company’s stock.

Institutional Trading of Mobileye Global

Several institutional investors have recently added to or reduced their stakes in MBLY. Harel Insurance Investments & Financial Services Ltd. boosted its holdings in shares of Mobileye Global by 24.5% in the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 3,585,733 shares of the company’s stock valued at $24,634,000 after buying an additional 705,400 shares during the period. Assenagon Asset Management S.A. boosted its holdings in shares of Mobileye Global by 6.9% during the third quarter. Assenagon Asset Management S.A. now owns 2,586,131 shares of the company’s stock valued at $19,112,000 after acquiring an additional 166,392 shares during the period. Bank of America Corp DE boosted 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 acquiring an additional 111,215 shares during the period. Counterpoint Mutual Funds LLC bought a new position in shares of Mobileye Global during the third quarter worth about $9,074,000. Finally, First Trust Advisors LP grew its position in shares of Mobileye Global by 27.7% during the first quarter. First Trust Advisors LP now owns 1,152,499 shares of the company’s stock worth $7,918,000 after acquiring an additional 249,921 shares during the last quarter. 13.25% of the stock is owned by institutional investors and hedge funds.

Mobileye Global News Roundup

Here are the key news stories impacting Mobileye Global this week:

• Positive Sentiment: Q3 results exceeded expectations. Mobileye reported adjusted earnings of $0.11 per share, ahead of the $0.10 consensus estimate, while revenue of $492 million surpassed the roughly $477 million forecast. EPS also improved from $0.09 a year earlier. Earnings Flash: Mobileye Posts Q3 Adjusted EPS of $0.11
• Positive Sentiment: Full-year revenue guidance was raised. Mobileye increased the midpoint of its 2026 revenue outlook by $13 million and narrowed the range to $1.995 billion-$2.020 billion, citing stronger-than-expected SuperVision deliveries and memory-cost pass-through. Adjusted operating income guidance is $380 million-$420 million. Mobileye Reports Q3 Revenue and Raises 2026 Outlook
• Positive Sentiment: Profitability and cash generation improved. GAAP gross margin rose to 53% from 48% a year earlier, the operating loss narrowed to $82 million from $109 million, and operating cash flow reached $303 million for the first nine months.
• Neutral Sentiment: SuperVision momentum was a key bright spot: EyeQ and SuperVision revenue totaled $468 million, with 9.5 million systems shipped. Recent insider activity also showed purchases by two executives, although institutional positioning remained mixed.
• Negative Sentiment: Revenue still declined year over year. Q3 revenue fell 2.4% from $504 million, and Mobileye posted a $67 million GAAP net loss, or $0.08 per share. The ongoing losses and weak top-line growth appear to be offsetting the earnings beat and improved outlook. Mobileye Slides Despite Guidance Update

About Mobileye Global

Mobileye Global Inc (NASDAQ:MBLY) develops advanced driver-assistance systems and autonomous driving technologies for vehicle manufacturers worldwide. Founded in 1999 and headquartered in Jerusalem, Israel, the company provides computer-vision and artificial-intelligence solutions designed to improve vehicle safety and support automated driving.

Its product portfolio includes EyeQ system-on-chips, camera-based driver-assistance features, and software for functions such as automatic emergency braking, lane-keeping assistance, adaptive cruise control, and traffic-sign recognition.