Mobileye Global (NASDAQ:MBLY) Price Target Lowered to $53.00 at Citigroup

Mobileye Global (NASDAQ:MBLY) had its target price decreased by Citigroup from $58.00 to $53.00 in a report issued on Monday morning, Benzinga reports. Citigroup currently has a buy rating on the stock.

Other equities analysts also recently issued reports about the company. Bank of America downgraded Mobileye Global from a neutral rating to an underperform rating and dropped their price target for the stock from $47.00 to $22.00 in a research note on Thursday, January 4th. Morgan Stanley lowered shares of Mobileye Global from an equal weight rating to an underweight rating and reduced their price target for the company from $26.00 to $25.00 in a research report on Friday. Piper Sandler boosted their target price on shares of Mobileye Global from $31.00 to $32.00 and gave the company a neutral rating in a research report on Friday. Robert W. Baird decreased their price target on shares of Mobileye Global from $43.00 to $42.00 and set an outperform rating on the stock in a research report on Friday, January 26th. Finally, Royal Bank of Canada dropped their price target on shares of Mobileye Global from $45.00 to $39.00 and set an outperform rating on the stock in a research note on Friday, January 26th. Three research analysts have rated the stock with a sell rating, one has issued a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and an average target price of $40.58.

Mobileye Global Stock Performance

Shares of Mobileye Global stock opened at $28.00 on Monday. Mobileye Global has a twelve month low of $23.49 and a twelve month high of $47.41. The company’s 50 day moving average is $29.27 and its 200 day moving average is $33.27.

Institutional Investors Weigh In On Mobileye Global

A number of institutional investors have recently added to or reduced their stakes in MBLY. Perigon Wealth Management LLC boosted its holdings in shares of Mobileye Global by 6.7% during the 1st quarter. Perigon Wealth Management LLC now owns 10,592 shares of the company’s stock valued at $341,000 after purchasing an additional 664 shares during the last quarter. Pinnacle Associates Ltd. grew its holdings in Mobileye Global by 15.7% during the 1st quarter. Pinnacle Associates Ltd. now owns 8,840 shares of the company’s stock valued at $284,000 after buying an additional 1,200 shares in the last quarter. Peregrine Capital Management LLC bought a new stake in Mobileye Global in the 1st quarter worth approximately $34,684,000. Verdence Capital Advisors LLC purchased a new stake in shares of Mobileye Global during the 1st quarter worth approximately $465,000. Finally, Long Run Wealth Advisors LLC grew its holdings in shares of Mobileye Global by 23.5% in the first quarter. Long Run Wealth Advisors LLC now owns 71,945 shares of the company’s stock valued at $2,313,000 after purchasing an additional 13,684 shares in the last quarter. 13.25% of the stock is owned by hedge funds and other 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.