Mobileye Global (NASDAQ:MBLY) Stock Price Expected to Rise, Barclays Analyst Says

Key Points

• Barclays has raised its target price for Mobileye Global stock from $16.00 to $17.00, indicating a potential upside of 10.57% from its previous close.
• Mobileye Global reported a quarterly EPS of $0.13, surpassing analysts' expectations, with a revenue of $506 million which was also above estimates.
• Analysts have varied ratings on Mobileye, with ten giving it a Buy rating and a consensus target price of $19.56, suggesting differing levels of confidence in its performance.

Mobileye Global (NASDAQ:MBLY - Get Free Report) had its target price hoisted by Barclays from $16.00 to $17.00 in a research note issued on Friday,Benzinga reports. The brokerage presently has an "equal weight" rating on the stock. Barclays's price objective points to a potential upside of 10.57% from the stock's previous close.

A number of other analysts also recently issued reports on MBLY. Mizuho lowered their price objective on shares of Mobileye Global from $18.00 to $17.00 and set a "neutral" rating on the stock in a report on Friday, July 25th. UBS Group upped their price objective on shares of Mobileye Global from $15.00 to $18.00 and gave the stock a "neutral" rating in a research report on Monday, July 14th. Royal Bank Of Canada upped their price objective on Mobileye Global from $14.00 to $17.00 and gave the company a "sector perform" rating in a research note on Tuesday, July 29th. JPMorgan Chase & Co. upped their target price on Mobileye Global from $10.00 to $12.00 and gave the company an "underweight" rating in a report on Thursday, July 17th. Finally, Robert W. Baird lowered their price target on Mobileye Global from $22.00 to $19.00 and set an "outperform" rating for the company in a research report on Wednesday, September 3rd. Ten analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, Mobileye Global currently has an average rating of "Hold" and a consensus price target of $19.56.

Mobileye Global Stock Performance

Shares of MBLY stock traded up $0.14 during mid-day trading on Friday, reaching $15.38. The company's stock had a trading volume of 1,072,910 shares, compared to its average volume of 5,386,845. The firm's 50-day moving average is $14.20 and its two-hundred day moving average is $15.07. Mobileye Global has a 1-year low of $11.12 and a 1-year high of $22.51. The company has a market cap of $12.53 billion, a P/E ratio of -4.21, a PEG ratio of 9.56 and a beta of 0.52.

Mobileye Global (NASDAQ:MBLY - Get Free Report) last issued its quarterly earnings data on Thursday, July 24th. The company reported $0.13 EPS for the quarter, topping analysts' consensus estimates of $0.11 by $0.02. The firm had revenue of $506.00 million for the quarter, compared to analyst estimates of $466.42 million. Mobileye Global had a negative net margin of 153.91% and a positive return on equity of 0.73%. The company's revenue was up 15.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.09 EPS. Mobileye Global has set its FY 2025 guidance at EPS. Sell-side analysts anticipate that Mobileye Global will post 0.01 EPS for the current year.

Hedge Funds Weigh In On Mobileye Global

Several hedge funds have recently made changes to their positions in MBLY. Dynamic Advisor Solutions LLC bought a new stake in shares of Mobileye Global during the third quarter valued at approximately $213,000. Whalen Wealth Management Inc. bought a new stake in shares of Mobileye Global during the third quarter valued at approximately $197,000. Country Club Bank boosted its holdings in Mobileye Global by 0.8% in the third quarter. Country Club Bank now owns 144,803 shares of the company's stock worth $2,048,000 after acquiring an additional 1,188 shares in the last quarter. Osaic Holdings Inc. increased its holdings in shares of Mobileye Global by 54.4% during the second quarter. Osaic Holdings Inc. now owns 22,792 shares of the company's stock valued at $410,000 after acquiring an additional 8,033 shares in the last quarter. Finally, State of Wyoming increased its holdings in shares of Mobileye Global by 2,715.4% during the second quarter. State of Wyoming now owns 22,495 shares of the company's stock valued at $404,000 after acquiring an additional 21,696 shares in the last quarter. 13.25% of the stock is owned by hedge funds and other institutional investors.

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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