Royal Bank of Canada Initiates Coverage on Mobileye Global (NASDAQ:MBLY)

Investment analysts at Royal Bank of Canada initiated coverage on shares of Mobileye Global (NASDAQ:MBLYGet Rating) in a research report issued to clients and investors on Monday, The Fly reports. The firm set an “outperform” rating and a $41.00 price target on the stock. Royal Bank of Canada’s price objective indicates a potential upside of 38.75% from the company’s current price.

A number of other brokerages have also commented on MBLY. The Goldman Sachs Group initiated coverage on shares of Mobileye Global in a report on Monday. They issued a “buy” rating and a $36.00 price target on the stock. Needham & Company LLC initiated coverage on shares of Mobileye Global in a report on Monday. They issued a “buy” rating and a $40.00 price target on the stock. Bank of America initiated coverage on shares of Mobileye Global in a report on Monday. They issued a “neutral” rating and a $34.00 price target on the stock. Mizuho initiated coverage on shares of Mobileye Global in a research note on Monday. They issued a “buy” rating and a $35.00 price objective for the company. Finally, Cowen initiated coverage on shares of Mobileye Global in a research note on Monday. They issued an “outperform” rating and a $35.00 price objective for the company. Three investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $37.27.

Mobileye Global Stock Up 8.6 %

Shares of NASDAQ:MBLY opened at $29.55 on Monday. Mobileye Global has a one year low of $24.85 and a one year high of $31.88.

Insider Buying and Selling at Mobileye Global

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

Mobileye Global Company Profile

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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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Analyst Recommendations for Mobileye Global (NASDAQ:MBLY)

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