Analysts Set Mobileye Global Inc. (NASDAQ:MBLY) PT at $18.94

Mobileye Global Inc. (NASDAQ:MBLY) has been assigned an average recommendation of “Hold” from the twenty-one brokerages that are currently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $18.9444.

MBLY has been the subject of several research reports. Royal Bank Of Canada lifted their price target on shares of Mobileye Global from $14.00 to $17.00 and gave the company a “sector perform” rating in a research report on Tuesday, July 29th. Bank of America reduced their price target on shares of Mobileye Global from $18.00 to $16.00 and set a “neutral” rating for the company in a research report on Wednesday, September 10th. Zacks Research raised shares of Mobileye Global from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 10th. Deutsche Bank Aktiengesellschaft raised shares of Mobileye Global from a “hold” rating to a “buy” rating and set a $19.00 price target for the company in a research report on Monday, October 6th. Finally, Mizuho dropped their price objective on Mobileye Global from $17.00 to $15.00 and set a “neutral” rating on the stock in a research note on Friday, October 24th.

Mobileye Global Trading Up 2.3%

NASDAQ MBLY opened at $13.15 on Friday. The company has a fifty day simple moving average of $14.25 and a 200 day simple moving average of $15.09. Mobileye Global has a 12-month low of $11.58 and a 12-month high of $22.51. The company has a market cap of $10.72 billion, a P/E ratio of -31.31, a PEG ratio of 8.20 and a beta of 0.51.

Mobileye Global (NASDAQ:MBLY) last posted its quarterly earnings results on Thursday, October 23rd. The company reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.01. Mobileye Global had a negative net margin of 17.34% and a positive return on equity of 0.68%. The business had revenue of $504.00 million during the quarter, compared to the consensus estimate of $479.93 million. During the same quarter last year, the firm posted $0.10 EPS. Mobileye Global’s revenue was up 3.7% compared to the same quarter last year. Mobileye Global has set its FY 2025 guidance at EPS. Sell-side analysts predict that Mobileye Global will post 0.01 EPS for the current year.

Hedge Funds Weigh In On Mobileye Global

Several large investors have recently bought and sold shares of MBLY. Rhumbline Advisers purchased a new stake in shares of Mobileye Global during the 1st quarter valued at $27,000. Northwestern Mutual Wealth Management Co. purchased a new position in Mobileye Global during the 2nd quarter valued at about $31,000. Tower Research Capital LLC TRC grew its holdings in Mobileye Global by 464.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,288 shares of the company’s stock valued at $59,000 after buying an additional 2,705 shares in the last quarter. KBC Group NV purchased a new position in Mobileye Global during the 2nd quarter valued at about $65,000. Finally, CoreCap Advisors LLC grew its holdings in Mobileye Global by 1,337.3% during 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. 13.25% of the stock is currently owned by 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.