Barclays Issues Pessimistic Forecast for Mobileye Global (NASDAQ:MBLY) Stock Price

Key Points

• Barclays cut Mobileye Global’s price target from $9 to $7 while maintaining an “equal weight” rating, reflecting a cautious outlook despite implied upside from the stock’s $5.65 price.
• Several analysts also lowered their targets, and MarketBeat’s consensus rating remains “Hold” with a target around $10.43, indicating broad concern about Mobileye’s near-term prospects.
• Mobileye slightly exceeded quarterly earnings and revenue expectations, but revenue declined 2.4% year over year and the company reported a deeply negative net margin of 201.25%.

Mobileye Global (NASDAQ:MBLY - Get Free Report) had its target price cut by investment analysts at Barclays from $9.00 to $7.00 in a report issued on Monday, Benzinga reports. The firm presently has an "equal weight" rating on the stock. Barclays's target price suggests a potential upside of 23.89% from the company's current price.

Several other equities research analysts also recently issued reports on MBLY. JPMorgan Chase & Co. lowered their price target on Mobileye Global from $9.00 to $7.50 and set a "neutral" rating on the stock in a research report on Monday. Canaccord Genuity Group cut their price target on Mobileye Global from $12.00 to $11.00 and set a "buy" rating for the company in a report on Friday. Tigress Financial reduced 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. Berenberg Bank raised shares of Mobileye Global from a "hold" rating to a "buy" rating and set a $11.00 target price on the stock in a research report on Monday, August 17th. Finally, Weiss Ratings reiterated a "sell (d-)" rating on shares of Mobileye Global in a research note on Friday, October 2nd. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eleven have issued a Hold rating and three have given a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $10.43.

Mobileye Global Price Performance

NASDAQ:MBLY traded down $0.31 during trading hours on Monday, reaching $5.65. The company's stock had a trading volume of 6,660,830 shares, compared to its average volume of 6,947,810. Mobileye Global has a one year low of $5.62 and a one year high of $14.33. The business's 50-day moving average is $7.68 and its 200-day moving average is $8.55. The company has a market cap of $4.75 billion, a price-to-earnings ratio of -1.14, a price-to-earnings-growth ratio of 1.82 and a beta of 1.30.

Mobileye Global (NASDAQ:MBLY - Get Free Report) last released its quarterly earnings results on Thursday, October 29th. The company reported $0.11 EPS for the quarter, beating analysts' consensus estimates of $0.10 by $0.01. Mobileye Global had a negative net margin of 201.25% and a positive return on equity of 0.66%. The company had revenue of $492.00 million for the quarter, compared to analyst estimates of $476.78 million. During the same quarter last year, the firm posted $0.09 earnings per share. The company's quarterly revenue was down 2.4% compared to the same quarter last year. On average, sell-side analysts predict that Mobileye Global will post 0.12 EPS for the current fiscal year.

Insiders Place Their Bets

In other Mobileye Global news, Director Safroadu Yeboah-Amankwah purchased 11,841 shares of the stock in a transaction on Thursday, August 6th. The shares were purchased at an average price of $8.46 per share, with a total value of $100,174.86. Following the acquisition, the director directly owned 84,336 shares of the company's stock, valued at $713,482.56. This represents a 16.33% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 10.00% of the stock is owned by corporate insiders.

Institutional Trading of Mobileye Global

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Harel Insurance Investments & Financial Services Ltd. boosted its holdings in Mobileye Global by 24.5% during the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 3,585,733 shares of the company's stock valued at $24,634,000 after purchasing an additional 705,400 shares in the last quarter. Assenagon Asset Management S.A. bought a new position in shares of Mobileye Global during the 2nd quarter worth approximately $23,423,000. Bank of America Corp DE lifted its position in shares of Mobileye Global by 5.8% during the 1st quarter. Bank of America Corp DE now owns 2,036,548 shares of the company's stock worth $13,991,000 after buying an additional 111,215 shares during the period. Counterpoint Mutual Funds LLC acquired a new stake in Mobileye Global in the 3rd quarter valued at $9,074,000. Finally, First Trust Advisors LP boosted its stake in Mobileye Global by 27.7% in the 1st quarter. First Trust Advisors LP now owns 1,152,499 shares of the company's stock valued at $7,918,000 after buying an additional 249,921 shares in the last quarter. Institutional investors own 13.25% of the company's stock.

Key Stories Impacting Mobileye Global

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

• Positive Sentiment: Canaccord Genuity lowered its price target to $11 from $12 but maintained a buy rating, implying substantial potential upside if Mobileye’s long-term growth prospects improve. Canaccord Genuity analyst action Ticker Report article
• Neutral Sentiment: BNP Paribas Exane cut its price target from $7.50 to $6.50 and assigned a neutral rating. The revised target still represents approximately 15% upside, but the reduction signals more limited near-term confidence. BNP Paribas Exane analyst action
• Neutral Sentiment: JPMorgan lowered its price target from $9 to $7.50 and kept a neutral rating, indicating that analysts still see recovery potential but have reduced their valuation expectations. JPMorgan analyst action
• Neutral Sentiment: UBS reduced its target from $7.50 to $7 and maintained a neutral rating. UBS analyst action
• Negative Sentiment: TD Cowen downgraded Mobileye to hold, adding to the perception that near-term catalysts and operating momentum may be insufficient to support a higher valuation. TD Cowen rating change
• Negative Sentiment: Goldman Sachs also cut its price target, reinforcing the broader analyst reassessment of Mobileye’s outlook. Goldman Sachs price target change
• Negative Sentiment: The consensus price target was reduced 10.91% to $10.57, reflecting a broad-based decline in analyst expectations even though the consensus remains well above the current share price. Mobileye consensus target article

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.

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