Mobileye Global (NASDAQ:MBLY) Stock Price Target Lowered at Barclays

Mobileye Global (NASDAQ:MBLY) had its price target reduced by analysts at Barclays from $9.00 to $7.00 in a research note issued to investors on Monday, Benzinga reports. The firm currently has an “equal weight” rating on the stock. Barclays‘s target price would indicate a potential upside of 23.89% from the company’s previous close.

Several other analysts have also recently commented on the company. The Goldman Sachs Group decreased their target price on Mobileye Global from $8.00 to $7.00 and set a “neutral” rating on the stock in a report on Friday. Piper Sandler raised Mobileye Global from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $10.00 to $12.00 in a report on Monday, July 27th. Mizuho reduced their price target on shares of Mobileye Global from $9.00 to $8.00 and set a “neutral” rating on the stock in a research report on Friday, July 24th. Canaccord Genuity Group lowered their price objective on shares of Mobileye Global from $12.00 to $11.00 and set a “buy” rating for the company in a research report on Friday. Finally, Berenberg Bank raised shares of Mobileye Global from a “hold” rating to a “buy” rating and set a $11.00 target price for the company in a research note on Monday, August 17th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, eleven have given a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $10.43.

Mobileye Global Price Performance

Shares of NASDAQ:MBLY traded down $0.31 during trading on Monday, reaching $5.65. The stock had a trading volume of 6,660,830 shares, compared to its average volume of 6,947,810. Mobileye Global has a 52 week low of $5.62 and a 52 week high of $14.33. The business’s 50-day moving average price is $7.68 and its 200 day moving average price is $8.55. The stock has a market capitalization of $4.75 billion, a PE ratio of -1.14, a P/E/G ratio of 1.82 and a beta of 1.30.

Mobileye Global (NASDAQ:MBLY) last released its quarterly earnings results on Thursday, October 29th. The company reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.01. Mobileye Global had a positive return on equity of 0.66% and a negative net margin of 201.25%. The business had revenue of $492.00 million for the quarter, compared to analyst estimates of $476.78 million. During the same period in the prior year, the company earned $0.09 EPS. Mobileye Global’s revenue for the quarter was down 2.4% on a year-over-year basis. Analysts forecast that Mobileye Global will post 0.12 EPS for the current year.

Insider Buying and Selling at Mobileye Global

In other news, Director Safroadu Yeboah-Amankwah purchased 11,841 shares of the business’s stock in a transaction dated Thursday, August 6th. The shares were acquired at an average price of $8.46 per share, with a total value of $100,174.86. Following the completion of the purchase, the director directly owned 84,336 shares of the company’s stock, valued at $713,482.56. The trade was a 16.33% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 10.00% of the stock is currently owned by insiders.

Institutional Trading of Mobileye Global

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Harel Insurance Investments & Financial Services Ltd. grew its position in shares of Mobileye Global by 24.5% during the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 3,585,733 shares of the company’s stock worth $24,634,000 after buying an additional 705,400 shares during the period. Assenagon Asset Management S.A. boosted its stake in Mobileye Global by 6.9% in the third quarter. Assenagon Asset Management S.A. now owns 2,586,131 shares of the company’s stock valued at $19,112,000 after acquiring an additional 166,392 shares during the last quarter. Bank of America Corp DE boosted its stake in Mobileye Global by 5.8% in the first quarter. Bank of America Corp DE now owns 2,036,548 shares of the company’s stock valued at $13,991,000 after acquiring an additional 111,215 shares during the last quarter. Counterpoint Mutual Funds LLC acquired a new stake in Mobileye Global during the 3rd quarter worth $9,074,000. Finally, First Trust Advisors LP raised its position in shares of Mobileye Global by 27.7% during the 1st quarter. First Trust Advisors LP now owns 1,152,499 shares of the company’s stock valued at $7,918,000 after acquiring an additional 249,921 shares during the last quarter. 13.25% of the stock is owned by institutional investors.

Trending Headlines about Mobileye Global

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

• Positive Sentiment: Canaccord Genuity lowered its price target to $11 from $12 but maintained a buy rating, implying substantial potential upside if Mobileye’s long-term growth prospects improve. Canaccord Genuity analyst action Ticker Report article
• Neutral Sentiment: BNP Paribas Exane cut its price target from $7.50 to $6.50 and assigned a neutral rating. The revised target still represents approximately 15% upside, but the reduction signals more limited near-term confidence. BNP Paribas Exane analyst action
• Neutral Sentiment: JPMorgan lowered its price target from $9 to $7.50 and kept a neutral rating, indicating that analysts still see recovery potential but have reduced their valuation expectations. JPMorgan analyst action
• Neutral Sentiment: UBS reduced its target from $7.50 to $7 and maintained a neutral rating. UBS analyst action
• Negative Sentiment: TD Cowen downgraded Mobileye to hold, adding to the perception that near-term catalysts and operating momentum may be insufficient to support a higher valuation. TD Cowen rating change
• Negative Sentiment: Goldman Sachs also cut its price target, reinforcing the broader analyst reassessment of Mobileye’s outlook. Goldman Sachs price target change
• Negative Sentiment: The consensus price target was reduced 10.91% to $10.57, reflecting a broad-based decline in analyst expectations even though the consensus remains well above the current share price. Mobileye consensus target article

Mobileye Global Company Profile

Mobileye Global Inc (NASDAQ:MBLY) develops advanced driver-assistance systems and autonomous driving technologies for vehicle manufacturers worldwide. Founded in 1999 and headquartered in Jerusalem, Israel, the company provides computer-vision and artificial-intelligence solutions designed to improve vehicle safety and support automated driving.

Its product portfolio includes EyeQ system-on-chips, camera-based driver-assistance features, and software for functions such as automatic emergency braking, lane-keeping assistance, adaptive cruise control, and traffic-sign recognition.