Mobileye Global (NASDAQ:MBLY) Now Covered by Cowen

Research analysts at Cowen started coverage on shares of Mobileye Global (NASDAQ:MBLYGet Rating) in a research report issued on Monday, Marketbeat.com reports. The brokerage set an “outperform” rating and a $35.00 price target on the stock. Cowen’s target price would indicate a potential upside of 18.44% from the stock’s current price.

Several other research analysts also recently weighed in on the stock. Needham & Company LLC initiated coverage on shares of Mobileye Global in a research report on Monday. They issued a “buy” rating and a $40.00 target price on the stock. Cowen began coverage on shares of Mobileye Global in a research note on Monday. They issued an “outperform” rating and a $35.00 target price for the company. The Goldman Sachs Group began coverage on shares of Mobileye Global in a research note on Monday. They issued a “buy” rating and a $36.00 target price for the company. Citigroup began coverage on shares of Mobileye Global in a research note on Monday. They issued a “buy” rating for the company. Finally, Wolfe Research initiated coverage on shares of Mobileye Global in a research note on Monday. They issued a “peer perform” rating for the company. Three investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Mobileye Global presently has an average rating of “Moderate Buy” and a consensus target price of $37.27.

Mobileye Global Trading Up 8.6 %

Shares of MBLY opened at $29.55 on Monday. Mobileye Global has a 12-month low of $24.85 and a 12-month high of $31.88.

Insider Activity

In other Mobileye Global news, CEO Amnon Shashua purchased 476,191 shares of the company’s stock in a transaction on Friday, October 28th. The shares were purchased at an average cost of $21.00 per share, with a total value of $10,000,011.00. Following the completion of the purchase, the chief executive officer now owns 476,191 shares in the company, valued at $10,000,011. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, CEO Amnon Shashua purchased 476,191 shares of the firm’s stock in a transaction that occurred on Friday, October 28th. The stock was acquired at an average price of $21.00 per share, for a total transaction of $10,000,011.00. Following the completion of the acquisition, the chief executive officer now owns 476,191 shares of the company’s stock, valued at approximately $10,000,011. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Safroadu Yeboah-Amankwah purchased 47,519 shares of the firm’s stock in a transaction that occurred on Friday, October 28th. The shares were bought at an average price of $21.00 per share, with a total value of $997,899.00. Following the acquisition, the director now directly owns 47,519 shares of the company’s stock, valued at approximately $997,899. The disclosure for this purchase can be found here.

About Mobileye Global

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Mobileye Global Inc engages in the development and deployment of advanced driver assistance systems (ADAS) and autonomous driving technologies and solutions worldwide. The company offers Driver Assist, which comprise 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 driver assist 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 and supports over-the-air updates.

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