UBS Group Increases Mobileye Global (NASDAQ:MBLY) Price Target to $17.00

Mobileye Global (NASDAQ:MBLY) had its price objective raised by UBS Group from $14.00 to $17.00 in a research report report published on Thursday morning,Benzinga reports. The brokerage currently has a neutral rating on the stock.

Other equities research analysts have also issued research reports about the stock. Loop Capital upped their target price on shares of Mobileye Global from $20.00 to $23.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. Robert W. Baird increased their price objective on shares of Mobileye Global from $17.00 to $18.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Needham & Company LLC restated a “buy” rating and set a $20.00 target price on shares of Mobileye Global in a report on Wednesday, December 11th. Wolfe Research raised Mobileye Global from a “peer perform” rating to an “outperform” rating in a report on Thursday, December 5th. Finally, Oppenheimer assumed coverage on Mobileye Global in a research note on Wednesday. They set an “outperform” rating and a $28.00 price objective on the stock. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $23.81.

Mobileye Global Price Performance

Shares of NASDAQ:MBLY opened at $16.02 on Thursday. The business’s 50 day moving average price is $17.82 and its 200-day moving average price is $16.69. Mobileye Global has a 1 year low of $10.48 and a 1 year high of $34.00. The firm has a market capitalization of $12.99 billion, a PE ratio of -4.39, a P/E/G ratio of 13.46 and a beta of 0.30.

Institutional Investors Weigh In On Mobileye Global

Hedge funds have recently added to or reduced their stakes in the business. Commonwealth Equity Services LLC grew its stake in shares of Mobileye Global by 39.8% in the second quarter. Commonwealth Equity Services LLC now owns 14,544 shares of the company’s stock worth $408,000 after acquiring an additional 4,141 shares in the last quarter. Envestnet Asset Management Inc. boosted its holdings in Mobileye Global by 1.5% in the second quarter. Envestnet Asset Management Inc. now owns 394,835 shares of the company’s stock valued at $11,089,000 after purchasing an additional 6,026 shares during the period. Blair William & Co. IL grew its stake in Mobileye Global by 29.1% during the 2nd quarter. Blair William & Co. IL now owns 8,869 shares of the company’s stock worth $249,000 after purchasing an additional 1,999 shares in the last quarter. Skandinaviska Enskilda Banken AB publ increased its holdings in Mobileye Global by 55.1% during the 2nd quarter. Skandinaviska Enskilda Banken AB publ now owns 40,257 shares of the company’s stock worth $1,131,000 after purchasing an additional 14,300 shares during the period. Finally, EverSource Wealth Advisors LLC raised its position in Mobileye Global by 1,019.9% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,819 shares of the company’s stock valued at $107,000 after purchasing an additional 3,478 shares in the last quarter. 13.25% of the stock is currently owned by institutional investors and hedge funds.

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.