Mobileye Global (NASDAQ:MBLY) Price Target Cut to $17.00 by Analysts at Canaccord Genuity Group

Key Points

• Canaccord Genuity cut Mobileye's price target to $17.00 (from $24) but kept a "buy" rating, which the firm says implies roughly an 83% upside from the current share price.
• Q1 results beat expectations: Mobileye reported $0.12 EPS vs. $0.09 expected and $558M revenue, and modestly raised its 2026 revenue outlook.
• The board approved a $250 million share repurchase (about 3.8% of shares outstanding), while analysts remain mixed with a consensus "Hold" and an average price target of $14.55 after several recent downgrades and cuts.

Mobileye Global (NASDAQ:MBLY - Get Free Report) had its price target lowered by research analysts at Canaccord Genuity Group from $24.00 to $17.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage currently has a "buy" rating on the stock. Canaccord Genuity Group's price objective would indicate a potential upside of 83.49% from the stock's current price.

A number of other brokerages have also recently weighed in on MBLY. Piper Sandler reduced their price target on shares of Mobileye Global from $15.00 to $13.00 and set a "neutral" rating on the stock in a research report on Thursday, January 8th. Barclays reduced their price target on shares of Mobileye Global from $16.00 to $14.00 and set an "overweight" rating on the stock in a research report on Monday, March 30th. JPMorgan Chase & Co. reduced their price target on shares of Mobileye Global from $11.00 to $9.00 and set a "neutral" rating on the stock in a research report on Thursday, April 16th. Zacks Research raised shares of Mobileye Global from a "strong sell" rating to a "hold" rating in a research report on Friday, March 27th. Finally, UBS Group lifted their price target on shares of Mobileye Global from $9.00 to $10.00 and gave the stock a "neutral" rating in a research report on Friday. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Mobileye Global currently has a consensus rating of "Hold" and an average price target of $14.55.

Mobileye Global Price Performance

Shares of NASDAQ MBLY traded up $0.57 during midday trading on Friday, reaching $9.27. 5,126,994 shares of the stock were exchanged, compared to its average volume of 8,129,590. The business has a 50-day simple moving average of $7.92 and a two-hundred day simple moving average of $10.35. The company has a market capitalization of $7.80 billion, a price-to-earnings ratio of -18.85 and a beta of 0.75. Mobileye Global has a 12 month low of $6.47 and a 12 month high of $20.18.

Mobileye Global (NASDAQ:MBLY - Get Free Report) last announced its quarterly earnings results on Thursday, April 23rd. The company reported $0.12 earnings per share for the quarter, topping analysts' consensus estimates of $0.09 by $0.03. The company had revenue of $558.00 million for the quarter, compared to analysts' expectations of $519.34 million. Mobileye Global had a negative net margin of 20.70% and a positive return on equity of 0.21%. The business's quarterly revenue was up 27.4% compared to the same quarter last year. During the same period last year, the firm posted $0.08 earnings per share. Equities research analysts expect that Mobileye Global will post -0.03 earnings per share for the current fiscal year.

Mobileye Global announced that its Board of Directors has approved a share repurchase program on Thursday, April 23rd that authorizes the company to buyback $250.00 million in outstanding shares. This buyback authorization authorizes the company to purchase up to 3.8% of its stock through open market purchases. Stock buyback programs are typically an indication that the company's leadership believes its stock is undervalued.

Institutional Investors Weigh In On Mobileye Global

A number of hedge funds and other institutional investors have recently made changes to their positions in MBLY. Intel Corp acquired a new stake in shares of Mobileye Global during the third quarter worth $706,000,000. Burkehill Global Management LP acquired a new stake in shares of Mobileye Global during the third quarter worth $42,360,000. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in shares of Mobileye Global during the third quarter worth $40,670,000. DNB Asset Management AS acquired a new stake in shares of Mobileye Global during the third quarter worth $40,212,000. Finally, Two Sigma Investments LP raised its holdings in shares of Mobileye Global by 131.9% during the third quarter. Two Sigma Investments LP now owns 4,383,735 shares of the company's stock worth $61,898,000 after acquiring an additional 2,493,181 shares during the period. 13.25% of the stock is currently owned by institutional investors and hedge funds.

Mobileye Global News Summary

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

• Positive Sentiment: Q1 beat and raised outlook — Mobileye reported Q1 adjusted EPS of $0.12 and revenue of $558M, topping estimates; the company modestly raised its 2026 revenue outlook, which drove optimism about near‑term growth. Mobileye delivers earnings beat, raises full-year outlook
• Positive Sentiment: $250M share repurchase — the Board authorized repurchases of up to $250 million (about 3.8% of shares outstanding), signaling management confidence and supporting shares by reducing float. Mobileye Releases First Quarter 2026 Results, Updates Full-Year Outlook, and Announces a $250 Million Share Repurchase Program
• Positive Sentiment: Robotaxi progress highlighted — company commentary that its robotaxi ambitions “progressed significantly” reinforced long‑term optionality and helped investor sentiment beyond the quarter’s numbers. Mobileye's robotaxi ambitions have ‘progressed significantly,' and the stock surges
• Positive Sentiment: Goldman Sachs raises price target — GS nudged its PT from $8.00 to $9.00 (maintaining a Neutral rating), a small endorsement that helps justify the rally. Benzinga
• Neutral Sentiment: Consensus “Hold” from analysts — 24 brokerages tracked by Marketbeat show a mix (10 buys, 12 holds, 1 sell), leaving the street’s aggregate stance cautious despite the beat. Mobileye Global Inc. Receives Consensus Recommendation of “Hold” from Analysts
• Negative Sentiment: BNP Paribas cuts price target — BNP Paribas Exane lowered its PT from $11.50 to $8.50 (still Neutral), which is a downward revision that can cap upside if other shops follow. Benzinga

About Mobileye Global

Mobileye Global Inc NASDAQ: MBLY is a leader in the development of advanced driver-assistance systems (ADAS) and autonomous driving technologies. Headquartered in Jerusalem, Israel, the company designs and supplies computer vision-based solutions that enable vehicles to detect and respond to road conditions, obstacles and signage. Mobileye's core offering centers on its proprietary EyeQ system-on-a-chip (SoC) family, which processes video streams from automotive cameras to deliver features such as lane-keeping assist, adaptive cruise control, collision prevention and traffic sign recognition.

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