Mobileye Global (NASDAQ:MBLY) Price Target Cut to $9.00 by Analysts at Needham & Company LLC

Key Points

• Needham cut Mobileye’s price target from $13 to $9 but maintained a “buy” rating, implying roughly 40% upside from the prior close. The broader analyst consensus is “hold,” with an average target of $10.88.
• Mobileye shares fell 9.2% to $6.41, near their 52-week low of $6.37. Other brokerages have also lowered targets, reflecting continued investor concerns about the company’s performance.
• The company slightly beat quarterly earnings and revenue expectations, but revenue declined 2.4% year over year and Mobileye posted a $67 million GAAP net loss, underscoring ongoing profitability and growth challenges.

Mobileye Global (NASDAQ:MBLY - Get Free Report) had its price target decreased by equities researchers at Needham & Company LLC from $13.00 to $9.00 in a note issued to investors on Thursday, Benzinga reports. The brokerage currently has a "buy" rating on the stock. Needham & Company LLC's price objective suggests a potential upside of 40.41% from the stock's previous close.

A number of other brokerages have also recently commented on MBLY. TD Cowen reduced their target price on shares of Mobileye Global from $9.00 to $8.00 and set a "buy" rating for the company in a report on Monday, October 19th. Zacks Research cut Mobileye Global from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, October 20th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Mobileye Global in a research note on Friday, October 2nd. Morgan Stanley reduced their price objective on Mobileye Global from $10.00 to $9.00 and set an "equal weight" rating for the company in a research note on Thursday, October 15th. Finally, Tigress Financial decreased 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. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, ten have given a Hold rating and three have given a Sell rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $10.88.

Mobileye Global Stock Down 9.2%

NASDAQ:MBLY traded down $0.65 on Thursday, reaching $6.41. 9,238,453 shares of the company's stock were exchanged, compared to its average volume of 6,933,245. The firm has a market capitalization of $5.38 billion, a price-to-earnings ratio of -1.28, a price-to-earnings-growth ratio of 2.12 and a beta of 1.25. The business has a fifty day moving average of $7.79 and a 200-day moving average of $8.60. Mobileye Global has a 52-week low of $6.37 and a 52-week high of $14.33.

Mobileye Global (NASDAQ:MBLY - Get Free Report) last issued its earnings results on Thursday, October 29th. The company reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.01. Mobileye Global had a negative net margin of 201.49% and a positive return on equity of 0.70%. The firm had revenue of $492.00 million for the quarter, compared to analysts' expectations of $476.78 million. During the same quarter last year, the company earned $0.09 earnings per share. The firm's revenue was down 2.4% compared to the same quarter last year. As a group, equities analysts anticipate that Mobileye Global will post 0.11 earnings per share for the current year.

Insider Buying and Selling

In other Mobileye Global news, Director Safroadu Yeboah-Amankwah acquired 11,841 shares of the firm's stock in a transaction on Thursday, August 6th. The stock was bought at an average cost of $8.46 per share, for a total transaction of $100,174.86. Following the completion of the purchase, the director directly owned 84,336 shares in the company, valued at $713,482.56. This represents a 16.33% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 10.00% of the company's stock.

Institutional Trading of Mobileye Global

Several institutional investors have recently added to or reduced their stakes in MBLY. Harel Insurance Investments & Financial Services Ltd. boosted its holdings in shares of Mobileye Global by 24.5% in the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 3,585,733 shares of the company's stock valued at $24,634,000 after buying an additional 705,400 shares during the period. Assenagon Asset Management S.A. boosted its holdings in shares of Mobileye Global by 6.9% during the third quarter. Assenagon Asset Management S.A. now owns 2,586,131 shares of the company's stock valued at $19,112,000 after acquiring an additional 166,392 shares during the period. Bank of America Corp DE boosted its holdings in shares of Mobileye Global by 5.8% during the first quarter. Bank of America Corp DE now owns 2,036,548 shares of the company's stock valued at $13,991,000 after acquiring an additional 111,215 shares during the period. Counterpoint Mutual Funds LLC bought a new position in shares of Mobileye Global during the third quarter worth about $9,074,000. Finally, First Trust Advisors LP grew its position in shares of Mobileye Global by 27.7% during the first quarter. First Trust Advisors LP now owns 1,152,499 shares of the company's stock worth $7,918,000 after acquiring an additional 249,921 shares during the last quarter. 13.25% of the stock is owned by institutional investors and hedge funds.

Mobileye Global News Roundup

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

• Positive Sentiment: Q3 results exceeded expectations. Mobileye reported adjusted earnings of $0.11 per share, ahead of the $0.10 consensus estimate, while revenue of $492 million surpassed the roughly $477 million forecast. EPS also improved from $0.09 a year earlier. Earnings Flash: Mobileye Posts Q3 Adjusted EPS of $0.11
• Positive Sentiment: Full-year revenue guidance was raised. Mobileye increased the midpoint of its 2026 revenue outlook by $13 million and narrowed the range to $1.995 billion-$2.020 billion, citing stronger-than-expected SuperVision deliveries and memory-cost pass-through. Adjusted operating income guidance is $380 million-$420 million. Mobileye Reports Q3 Revenue and Raises 2026 Outlook
• Positive Sentiment: Profitability and cash generation improved. GAAP gross margin rose to 53% from 48% a year earlier, the operating loss narrowed to $82 million from $109 million, and operating cash flow reached $303 million for the first nine months.
• Neutral Sentiment: SuperVision momentum was a key bright spot: EyeQ and SuperVision revenue totaled $468 million, with 9.5 million systems shipped. Recent insider activity also showed purchases by two executives, although institutional positioning remained mixed.
• Negative Sentiment: Revenue still declined year over year. Q3 revenue fell 2.4% from $504 million, and Mobileye posted a $67 million GAAP net loss, or $0.08 per share. The ongoing losses and weak top-line growth appear to be offsetting the earnings beat and improved outlook. Mobileye Slides Despite Guidance Update

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.