Mobileye Global (NASDAQ:MBLY) Rating Lowered to Underperform at Royal Bank Of Canada

Mobileye Global (NASDAQ:MBLY) was downgraded by research analysts at Royal Bank Of Canada from a “sector perform” rating to an “underperform” rating in a note issued to investors on Wednesday, MarketBeat Ratings reports. They currently have a $5.00 price objective on the stock, down from their prior price objective of $7.00. Royal Bank Of Canada’s price target points to a potential downside of 28.77% from the company’s current price.

MBLY has been the subject of a number of other reports. Tigress Financial lowered their target price on Mobileye Global from $25.00 to $18.00 and set a “buy” rating for the company in a research note on Thursday, July 30th. The Goldman Sachs Group reduced their price target on shares of Mobileye Global from $9.00 to $8.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 6th. Canaccord Genuity Group decreased their price objective on shares of Mobileye Global from $17.00 to $12.00 and set a “buy” rating on the stock in a report on Friday, July 24th. Barclays reissued an “equal weight” rating and set a $9.00 price objective (down from $14.00) on shares of Mobileye Global in a report on Wednesday, September 30th. Finally, TD Cowen lowered their price objective on shares of Mobileye Global from $9.00 to $8.00 and set a “buy” rating for the company in a research report on Monday. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, ten have given a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, Mobileye Global presently has an average rating of “Hold” and an average price target of $11.08.

Mobileye Global Stock Performance

Shares of MBLY opened at $7.02 on Wednesday. The company has a market cap of $5.90 billion, a price-to-earnings ratio of -1.41, a PEG ratio of 2.36 and a beta of 1.25. The stock has a fifty day moving average price of $8.00 and a two-hundred day moving average price of $8.60. Mobileye Global has a 52-week low of $6.47 and a 52-week high of $14.91.

Mobileye Global (NASDAQ:MBLY) last announced its earnings results on Thursday, July 23rd. The company reported $0.19 EPS for the quarter, topping the consensus estimate of $0.06 by $0.13. The company had revenue of $508.00 million for the quarter, compared to analysts’ expectations of $480.51 million. Mobileye Global had a positive return on equity of 0.70% and a negative net margin of 201.49%. The business’s revenue for the quarter was up .4% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.08) earnings per share. As a group, research analysts predict that Mobileye Global will post 0.11 EPS for the current fiscal year.

Insider Buying and Selling at Mobileye Global

In other news, Director Safroadu Yeboah-Amankwah purchased 11,841 shares of the business’s stock in a transaction dated Thursday, August 6th. The shares were acquired at an average price of $8.46 per share, with a total value of $100,174.86. Following the completion of the purchase, the director directly owned 84,336 shares of the company’s stock, valued at $713,482.56. The trade was a 16.33% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Frank Yeary acquired 12,360 shares of the stock in a transaction that occurred on Thursday, July 30th. The stock was purchased at an average price of $7.98 per share, with a total value of $98,632.80. Following the completion of the transaction, the director owned 12,360 shares of the company’s stock, valued at approximately $98,632.80. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Corporate insiders own 10.00% of the company’s stock.

Institutional Investors Weigh In On Mobileye Global

A number of institutional investors and hedge funds have recently modified their holdings of MBLY. Allworth Financial LP grew its holdings in Mobileye Global by 63.6% during the 2nd quarter. Allworth Financial LP now owns 3,947 shares of the company’s stock worth $38,000 after acquiring an additional 1,535 shares during the period. Bogart Wealth LLC grew its position in shares of Mobileye Global by 5,000.0% during the 1st quarter. Bogart Wealth LLC now owns 5,100 shares of the company’s stock worth $35,000 after buying an additional 5,000 shares during the period. Nykredit A S acquired a new position in shares of Mobileye Global during the 2nd quarter worth about $77,000. PNC Financial Services Group Inc. increased its stake in shares of Mobileye Global by 204.9% in the 1st quarter. PNC Financial Services Group Inc. now owns 8,686 shares of the company’s stock valued at $60,000 after acquiring an additional 5,837 shares during the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in shares of Mobileye Global in the 2nd quarter valued at about $104,000. 13.25% of the stock is owned by institutional investors.

Key Mobileye Global News

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

• Positive Sentiment: TD Cowen lowered its price target from $9 to $8 but maintained a Buy rating, implying potential upside from the current level. Mobileye Global Stock Gets Price Target Cut from TD Cowen
• Positive Sentiment: An earnings preview argued that Mobileye could be a worthwhile long-term investment because its valuation is depressed, at approximately 6.39 times projected 2029 earnings and a forward PEG ratio of 0.41. Mobileye: A Worthwhile Bet At This Price
• Neutral Sentiment: Mobileye was mentioned alongside other vehicle-technology stocks as automotive hardware shares weakened, while BlackBerry benefited from a record QNX backlog. The comparison underscores investor preference for software and recurring-revenue businesses over automotive hardware exposure. BlackBerry Jumps as Mobileye Drops
• Negative Sentiment: RBC reaffirmed its Underperform rating and cut its price target from $7 to $5, citing structural headwinds and growth risks. The new target indicates substantial downside from the current share price. Mobileye Global Faces Structural Headwinds
• Negative Sentiment: An earnings preview pointed to guidance for a 5%–6% year-over-year revenue decline in the third quarter and additional gross-margin contraction, reflecting competitive challenges and near-term sales pressure.
• Negative Sentiment: Zacks Research downgraded Mobileye from Strong Buy to Hold, adding to the cautious analyst sentiment.

Mobileye Global Company Profile

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.