Mobileye Global (NASDAQ:MBLY) Price Target Cut to $16.00 by Analysts at TD Cowen

Key Points

• TD Cowen has lowered its price target for Mobileye Global from $18.00 to $16.00, maintaining a "buy" rating, indicating a potential upside of 13.56% from the stock's previous close.
• Recent ratings from other analysts include Bank of America's neutral rating and a maintained price target of $16.00, while Goldman Sachs also cut its target to the same level.
• Mobileye Global's shares opened at $14.09 and have seen a market cap of $11.48 billion, with a PE ratio of -3.86; its recent earnings report exceeded analyst expectations in both EPS and revenue.

Mobileye Global (NASDAQ:MBLY - Get Free Report) had its price objective reduced by stock analysts at TD Cowen from $18.00 to $16.00 in a research report issued on Friday. The firm presently has a "buy" rating on the stock. TD Cowen's price target points to a potential upside of 13.56% from the stock's previous close.

Other equities analysts have also recently issued research reports about the company. Bank of America dropped their target price on Mobileye Global from $18.00 to $16.00 and set a "neutral" rating on the stock in a research report on Wednesday, September 10th. JPMorgan Chase & Co. boosted their target price on Mobileye Global from $10.00 to $12.00 and gave the stock an "underweight" rating in a research report on Thursday, July 17th. Wall Street Zen cut Mobileye Global from a "buy" rating to a "hold" rating in a research report on Sunday, August 10th. Wells Fargo & Company boosted their target price on Mobileye Global from $18.00 to $24.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 9th. Finally, The Goldman Sachs Group dropped their target price on Mobileye Global from $19.00 to $16.00 and set a "neutral" rating on the stock in a research report on Monday, September 29th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $18.71.

Mobileye Global Stock Down 1.5%

Shares of MBLY stock opened at $14.09 on Friday. The stock has a market capitalization of $11.48 billion, a PE ratio of -3.86, a price-to-earnings-growth 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. The stock's 50-day moving average price is $14.35 and its 200 day moving average price is $15.06.

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

Institutional Investors Weigh In On Mobileye Global

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. SG Americas Securities LLC lifted its stake in Mobileye Global by 21.7% in the 3rd quarter. SG Americas Securities LLC now owns 140,329 shares of the company's stock valued at $1,981,000 after buying an additional 25,008 shares in the last quarter. KLP Kapitalforvaltning AS lifted its stake in Mobileye Global by 49.8% in the 3rd quarter. KLP Kapitalforvaltning AS now owns 31,000 shares of the company's stock valued at $438,000 after buying an additional 10,300 shares in the last quarter. CoreCap Advisors LLC lifted 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 valued at $77,000 after buying an additional 5,095 shares in the last quarter. Eagle Strategies LLC purchased a new stake in Mobileye Global in the 3rd quarter valued at approximately $919,000. Finally, Taylor Frigon Capital Management LLC lifted its stake in Mobileye Global by 21.0% in the 3rd quarter. Taylor Frigon Capital Management LLC now owns 188,566 shares of the company's stock valued at $2,663,000 after buying an additional 32,784 shares in the last quarter. Hedge funds and other institutional investors 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.

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