TD Cowen Forecasts Strong Price Appreciation for Mobileye Global (NASDAQ:MBLY) Stock

Mobileye Global (NASDAQ:MBLY - Get Free Report) had its target price upped by stock analysts at TD Cowen from $15.00 to $18.00 in a research note issued on Friday, MarketBeat reports. The firm currently has a "buy" rating on the stock. TD Cowen's target price suggests a potential upside of 24.83% from the company's previous close.

A number of other equities research analysts also recently commented on the company. Needham & Company LLC reduced their target price on Mobileye Global from $20.00 to $18.00 and set a "buy" rating on the stock in a research report on Thursday, April 24th. JPMorgan Chase & Co. cut their price target on shares of Mobileye Global from $11.00 to $10.00 and set an "underweight" rating on the stock in a research note on Thursday, April 17th. Piper Sandler upped their target price on shares of Mobileye Global from $16.00 to $17.00 and gave the stock a "neutral" rating in a research note on Thursday, March 20th. Mizuho cut their target price on shares of Mobileye Global from $17.00 to $16.00 and set a "neutral" rating on the stock in a research note on Friday, January 31st. Finally, Bank of America upgraded shares of Mobileye Global from an "underperform" rating to a "neutral" rating and upped their target price for the stock from $12.00 to $19.00 in a research note on Monday, February 10th. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $18.63.

Mobileye Global Price Performance

Mobileye Global stock traded down $0.50 during trading on Friday, reaching $14.42. 1,657,726 shares of the company were exchanged, compared to its average volume of 5,418,781. Mobileye Global has a 52-week low of $10.48 and a 52-week high of $33.26. The company has a market capitalization of $11.70 billion, a P/E ratio of -3.77, a PEG ratio of 69.54 and a beta of 0.39. The stock's 50 day simple moving average is $14.46 and its two-hundred day simple moving average is $15.92.

Mobileye Global (NASDAQ:MBLY - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The company reported $0.08 EPS for the quarter, hitting analysts' consensus estimates of $0.08. Mobileye Global had a negative return on equity of 0.34% and a negative net margin of 186.82%. The firm had revenue of $438.00 million for the quarter, compared to the consensus estimate of $434.87 million. During the same quarter last year, the business posted ($0.07) earnings per share. The firm's revenue was up 83.3% compared to the same quarter last year. As a group, equities analysts forecast that Mobileye Global will post 0.01 earnings per share for the current year.

Institutional Trading of Mobileye Global

Several institutional investors and hedge funds have recently modified their holdings of MBLY. Parkside Financial Bank & Trust lifted its stake in shares of Mobileye Global by 147.4% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,237 shares of the company's stock valued at $25,000 after buying an additional 737 shares during the period. Versant Capital Management Inc lifted its stake in shares of Mobileye Global by 580.0% during the fourth quarter. Versant Capital Management Inc now owns 1,326 shares of the company's stock valued at $26,000 after buying an additional 1,131 shares during the period. Rhumbline Advisers purchased a new position in shares of Mobileye Global during the first quarter valued at approximately $27,000. FNY Investment Advisers LLC purchased a new position in shares of Mobileye Global during the fourth quarter valued at approximately $30,000. Finally, Global Retirement Partners LLC lifted its stake in shares of Mobileye Global by 136.9% during the fourth quarter. Global Retirement Partners LLC now owns 1,613 shares of the company's stock valued at $32,000 after buying an additional 932 shares during the period. Hedge funds and other 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.