RBC Capital Remains a Buy on Mobileye Global, Inc. Class A (MBLY)

In a report released yesterday, Tom Narayan from RBC Capital maintained a Buy rating on Mobileye Global, Inc. Class A (MBLY – Research Report), with a price target of $39.00. The company’s shares closed yesterday at $29.85.

Narayan covers the Consumer Cyclical sector, focusing on stocks such as Tesla, Mercedes-Benz Group, and Stellantis. According to TipRanks, Narayan has an average return of 7.0% and a 52.25% success rate on recommended stocks.

Currently, the analyst consensus on Mobileye Global, Inc. Class A is a Strong Buy with an average price target of $38.00, representing a 27.30% upside. In a report released on April 30, Citi also assigned a Buy rating to the stock with a $53.00 price target.

MBLY market cap is currently $24.07B and has a P/E ratio of -144.90.

Based on the recent corporate insider activity of 12 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of MBLY in relation to earlier this year.

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Mobileye Global, Inc. Class A (MBLY) Company Description:

Mobileye Global Inc engages in the development and deployment of ADAS and autonomous driving technologies and solutions. It is building a portfolio of end-to-end ADAS and autonomous driving solutions to provide the capabilities needed for the future of autonomous driving, leveraging a comprehensive suite of purpose-built software and hardware technologies. Its solutions comprise of Driver Assist, Cloud-Enhanced Driver Assist, Mobileye SuperVision Lite, Mobileye SuperVision, Mobileye Chauffeur, Mobileye Drive, Self-Driving System & Vehicles. It also provides data services to Expedite Maintenance Operations with AI-Powered Road Survey Technology.