Mobileye Global (NASDAQ:MBLY) Given New $15.00 Price Target at Mizuho

Key Points

• Mizuho has lowered the target price for Mobileye Global from $17.00 to $15.00 while maintaining a "neutral" rating, indicating a potential upside of 7.79% from the company's previous close.
• Other brokerages have set varying price targets for Mobileye, with UBS Group increasing their target to $18.00 and Bank of America reducing theirs to $16.00, reflecting mixed analyst sentiments.
• Mobileye reported a quarterly earnings per share of $0.13, surpassing the consensus estimate by $0.02, while year-over-year revenue increased by 15.3%.

Mobileye Global (NASDAQ:MBLY - Get Free Report) had its target price dropped by research analysts at Mizuho from $17.00 to $15.00 in a report issued on Friday,Benzinga reports. The firm currently has a "neutral" rating on the stock. Mizuho's target price suggests a potential upside of 7.79% from the company's previous close.

A number of other brokerages also recently weighed in on MBLY. UBS Group increased their price objective on shares of Mobileye Global from $15.00 to $18.00 and gave the company a "neutral" rating in a research report on Monday, July 14th. Weiss Ratings restated a "sell (d-)" rating on shares of Mobileye Global in a research report on Wednesday, October 8th. Bank of America lowered their price objective on shares of Mobileye Global from $18.00 to $16.00 and set a "neutral" rating on the stock in a research report on Wednesday, September 10th. Needham & Company LLC reaffirmed a "buy" rating and set a $18.00 target price on shares of Mobileye Global in a report on Friday, July 25th. Finally, Robert W. Baird reduced their target price on shares of Mobileye Global from $22.00 to $19.00 and set an "outperform" rating for the company in a report on Wednesday, September 3rd. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $18.59.

Mobileye Global Stock Performance

Shares of NASDAQ MBLY opened at $13.92 on Friday. The firm's 50 day moving average price is $14.35 and its 200-day moving average price is $15.06. The company has a market cap of $11.34 billion, a PE ratio of -3.82, a P/E/G ratio of 8.78 and a beta of 0.52. Mobileye Global has a 52-week low of $11.58 and a 52-week high of $22.51.

Mobileye Global (NASDAQ:MBLY - Get Free Report) last issued its earnings results on Thursday, July 24th. The company reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.02. The firm had revenue of $506.00 million for the quarter, compared to the consensus estimate of $466.42 million. Mobileye Global had a negative net margin of 153.91% and a positive return on equity of 0.73%. The business's revenue was up 15.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.09 earnings per share. On average, analysts forecast that Mobileye Global will post 0.01 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Mobileye Global

Institutional investors have recently made changes to their positions in the company. Rhumbline Advisers bought a new stake in shares of Mobileye Global in the 1st quarter worth about $27,000. Northwestern Mutual Wealth Management Co. purchased a new position in Mobileye Global in the 2nd quarter worth about $31,000. Tower Research Capital LLC TRC increased its stake in Mobileye Global by 464.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,288 shares of the company's stock worth $59,000 after buying an additional 2,705 shares during the period. KBC Group NV purchased a new position in Mobileye Global in the 2nd quarter worth about $65,000. Finally, CoreCap Advisors LLC increased its stake in Mobileye Global by 1,337.3% in the 3rd quarter. CoreCap Advisors LLC now owns 5,476 shares of the company's stock worth $77,000 after buying an additional 5,095 shares during the period. Institutional investors own 13.25% of the company's stock.

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.

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