Mobileye Global (NASDAQ:MBLY) Price Target Cut to $20.00 by Analysts at Needham & Company LLC

Mobileye Global (NASDAQ:MBLY) had its price target cut by Needham & Company LLC from $25.00 to $20.00 in a research note published on Friday morning, Benzinga reports. They currently have a buy rating on the stock.

Other equities research analysts have also issued research reports about the stock. HSBC assumed coverage on shares of Mobileye Global in a report on Monday, July 15th. They set a “buy” rating and a $33.00 price target on the stock. Daiwa Capital Markets downgraded Mobileye Global from a “buy” rating to a “neutral” rating in a report on Monday, August 5th. JPMorgan Chase & Co. restated an “underweight” rating and set a $10.00 price target (down from $16.00) on shares of Mobileye Global in a report on Monday, October 7th. Fox Advisors lowered shares of Mobileye Global from an “overweight” rating to an “equal weight” rating in a research note on Thursday, August 1st. Finally, Daiwa America lowered shares of Mobileye Global from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 5th. Four equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $23.20.

Mobileye Global Stock Performance

Mobileye Global stock opened at $14.57 on Friday. The firm’s 50 day moving average price is $12.77 and its two-hundred day moving average price is $20.69. Mobileye Global has a 1 year low of $10.48 and a 1 year high of $44.48.

Institutional Trading of Mobileye Global

A number of institutional investors and hedge funds have recently modified their holdings of the company. Cranbrook Wealth Management LLC bought a new position in Mobileye Global in the 2nd quarter worth approximately $84,000. Natixis Investment Managers International acquired a new position in shares of Mobileye Global in the 1st quarter worth approximately $99,000. EverSource Wealth Advisors LLC lifted its position in shares of Mobileye Global by 1,019.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,819 shares of the company’s stock worth $107,000 after buying an additional 3,478 shares during the period. Guinness Atkinson Asset Management Inc boosted its stake in Mobileye Global by 16.9% in the 3rd quarter. Guinness Atkinson Asset Management Inc now owns 8,700 shares of the company’s stock valued at $119,000 after buying an additional 1,257 shares in the last quarter. Finally, Avitas Wealth Management LLC bought a new stake in Mobileye Global in the third quarter valued at $137,000. 13.25% of the stock is currently owned by institutional investors and hedge funds.

Mobileye Global Company Profile

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.