Mobileye Global (NASDAQ:MBLY) Given New $37.00 Price Target at Canaccord Genuity Group

Mobileye Global (NASDAQ:MBLY) had its price objective raised by Canaccord Genuity Group from $31.00 to $37.00 in a research note released on Friday morning, Benzinga reports. Canaccord Genuity Group currently has a buy rating on the stock.

Several other brokerages also recently weighed in on MBLY. Royal Bank of Canada cut their price objective on shares of Mobileye Global from $45.00 to $39.00 and set an outperform rating on the stock in a research report on Friday, January 26th. TD Cowen raised their price target on shares of Mobileye Global from $35.00 to $37.00 and gave the company a buy rating in a research note on Friday. Raymond James dropped their price objective on Mobileye Global from $48.00 to $40.00 in a research note on Monday, January 22nd. Morgan Stanley cut Mobileye Global from an equal weight rating to an underweight rating and decreased their target price for the company from $26.00 to $25.00 in a research note on Friday. Finally, Robert W. Baird cut their price target on shares of Mobileye Global from $43.00 to $42.00 and set an outperform rating for the company in a report on Friday, January 26th. Three equities research analysts have rated the stock with a sell rating, one has issued a hold rating and fifteen have given a buy rating to the company. According to MarketBeat, Mobileye Global currently has a consensus rating of Moderate Buy and an average price target of $40.58.

Mobileye Global Price Performance

Shares of NASDAQ MBLY opened at $28.00 on Friday. The firm has a market capitalization of $22.57 billion, a PE ratio of -133.33, a P/E/G ratio of 13.57 and a beta of -0.22. Mobileye Global has a 1-year low of $23.49 and a 1-year high of $47.41. The business’s fifty day moving average price is $29.27 and its two-hundred day moving average price is $33.27.

Institutional Trading of Mobileye Global

Several hedge funds and other institutional investors have recently modified their holdings of the business. CWM LLC purchased a new stake in shares of Mobileye Global in the third quarter worth approximately $25,000. Slow Capital Inc. grew its stake in Mobileye Global by 8.3% in the third quarter. Slow Capital Inc. now owns 90,367 shares of the company’s stock valued at $3,755,000 after purchasing an additional 6,938 shares in the last quarter. Golden State Equity Partners acquired a new position in Mobileye Global in the 3rd quarter worth about $208,000. Commonwealth Equity Services LLC raised its stake in shares of Mobileye Global by 20.5% during the 3rd quarter. Commonwealth Equity Services LLC now owns 15,489 shares of the company’s stock worth $644,000 after purchasing an additional 2,640 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its stake in shares of Mobileye Global by 25.9% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,885,263 shares of the company’s stock valued at $78,333,000 after buying an additional 388,109 shares in the last quarter. Institutional investors and hedge funds 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.