The Goldman Sachs Group Forecasts Strong Price Appreciation for Mobileye Global (NASDAQ:MBLY) Stock

Mobileye Global (NASDAQ:MBLY) had its target price boosted by equities researchers at The Goldman Sachs Group from $18.00 to $20.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm presently has a “buy” rating on the stock. The Goldman Sachs Group’s target price suggests a potential upside of 22.36% from the stock’s current price.

Other research analysts have also recently issued reports about the company. TD Cowen boosted their price target on Mobileye Global from $15.00 to $19.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Loop Capital boosted their target price on shares of Mobileye Global from $20.00 to $23.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. Canaccord Genuity Group cut their target price on shares of Mobileye Global from $27.00 to $25.00 and set a “buy” rating for the company in a research note on Friday, November 1st. Mizuho reduced their price target on shares of Mobileye Global from $17.00 to $16.00 and set a “neutral” rating on the stock in a report on Friday, January 31st. Finally, Royal Bank of Canada reissued a “sector perform” rating and set a $11.00 price objective on shares of Mobileye Global in a report on Thursday, December 5th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $22.95.

Mobileye Global Stock Performance

Shares of MBLY stock traded down $0.17 on Monday, reaching $16.35. The stock had a trading volume of 977,914 shares, compared to its average volume of 6,756,846. The stock has a market cap of $13.26 billion, a P/E ratio of -4.28, a price-to-earnings-growth ratio of 69.54 and a beta of 0.26. Mobileye Global has a 1 year low of $10.48 and a 1 year high of $34.00. The company has a 50 day simple moving average of $17.65 and a 200 day simple moving average of $15.55.

Mobileye Global (NASDAQ:MBLY) last released its quarterly earnings results on Thursday, January 30th. The company reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.08). Mobileye Global had a negative net margin of 186.82% and a negative return on equity of 0.34%. On average, equities research analysts anticipate that Mobileye Global will post 0.01 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Mobileye Global

Hedge funds have recently added to or reduced their stakes in the company. Parkside Financial Bank & Trust boosted its position 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 4th quarter. Versant Capital Management Inc now owns 1,326 shares of the company’s stock worth $26,000 after acquiring an additional 1,131 shares during the last quarter. FNY Investment Advisers LLC purchased a new position in Mobileye Global during the 4th quarter valued at $30,000. Global Retirement Partners LLC grew its position in Mobileye Global by 136.9% in the 4th quarter. Global Retirement Partners LLC now owns 1,613 shares of the company’s stock valued at $32,000 after acquiring an additional 932 shares during the last quarter. Finally, Rakuten Securities Inc. increased its stake in Mobileye Global by 140.2% in the third quarter. Rakuten Securities Inc. now owns 1,818 shares of the company’s stock worth $25,000 after purchasing an additional 1,061 shares during the period. 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.