Mobileye Global (NASDAQ:MBLY) Price Target Raised to $25.00

Mobileye Global (NASDAQ:MBLY) had its target price boosted by Tigress Financial from $22.00 to $25.00 in a research note released on Thursday morning,Benzinga reports. The brokerage currently has a buy rating on the stock.

Other equities analysts also recently issued research reports about the company. JPMorgan Chase & Co. upped their price target on Mobileye Global from $10.00 to $12.00 and gave the stock an “underweight” rating in a research report on Thursday, July 17th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Mobileye Global in a research note on Wednesday, October 8th. Robert W. Baird dropped their price objective on Mobileye Global from $22.00 to $19.00 and set an “outperform” rating on the stock in a research note on Wednesday, September 3rd. Canaccord Genuity Group upped their price objective on Mobileye Global from $25.00 to $30.00 and gave the stock a “buy” rating in a research note on Friday, July 25th. Finally, Barclays upped their price objective on Mobileye Global from $16.00 to $17.00 and gave the stock an “equal weight” rating in a research note on Friday, October 10th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $18.94.

Mobileye Global Stock Up 2.3%

NASDAQ:MBLY opened at $13.15 on Thursday. Mobileye Global has a twelve month low of $11.58 and a twelve month high of $22.51. The business has a 50 day moving average price of $14.25 and a two-hundred day moving average price of $15.07. The company has a market cap of $10.72 billion, a P/E ratio of -31.31, a price-to-earnings-growth ratio of 8.20 and a beta of 0.52.

Mobileye Global (NASDAQ:MBLY) last released its quarterly earnings results on Thursday, October 23rd. The company reported $0.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.08 by $0.01. Mobileye Global had a positive return on equity of 0.68% and a negative net margin of 17.34%.The firm had revenue of $504.00 million during the quarter, compared to the consensus estimate of $479.93 million. During the same quarter in the prior year, the firm posted $0.10 EPS. The business’s revenue was up 3.7% on a year-over-year basis. Mobileye Global has set its FY 2025 guidance at EPS. As a group, analysts anticipate that Mobileye Global will post 0.01 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Mobileye Global

A number of large investors have recently added to or reduced their stakes in the business. Mystic Asset Management Inc. raised its stake in Mobileye Global by 3.6% in the 1st quarter. Mystic Asset Management Inc. now owns 20,175 shares of the company’s stock valued at $290,000 after acquiring an additional 700 shares during the period. Sei Investments Co. raised its stake in Mobileye Global by 2.5% in the 2nd quarter. Sei Investments Co. now owns 45,080 shares of the company’s stock valued at $811,000 after acquiring an additional 1,090 shares during the period. Country Club Bank raised its stake in Mobileye Global by 0.8% in the 3rd quarter. Country Club Bank now owns 144,803 shares of the company’s stock valued at $2,048,000 after acquiring an additional 1,188 shares during the period. Perigon Wealth Management LLC raised its stake in Mobileye Global by 5.7% in the 3rd quarter. Perigon Wealth Management LLC now owns 22,164 shares of the company’s stock valued at $313,000 after acquiring an additional 1,205 shares during the period. Finally, Creative Planning raised its stake in Mobileye Global by 10.2% in the 2nd quarter. Creative Planning now owns 18,316 shares of the company’s stock valued at $329,000 after acquiring an additional 1,693 shares during the period. Institutional investors own 13.25% of the company’s stock.

About Mobileye Global

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.