Fintel reports that on July 15, 2024, HSBC initiated coverage of Mobileye Global (NasdaqGS:MBLY) with a Buy recommendation.
Analyst Price Forecast Suggests 41.10% Upside
As of July 4, 2024, the average one-year price target for Mobileye Global is $38.03/share. The forecasts range from a low of $22.22 to a high of $55.65. The average price target represents an increase of 41.10% from its latest reported closing price of $26.95 / share.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Mobileye Global is 2,916MM, an increase of 56.77%. The projected annual non-GAAP EPS is 0.88.
What is the Fund Sentiment?
There are 528 funds or institutions reporting positions in Mobileye Global. This is an increase of 25 owner(s) or 4.97% in the last quarter. Average portfolio weight of all funds dedicated to MBLY is 0.34%, an increase of 13.19%. Total shares owned by institutions decreased in the last three months by 2.33% to 133,180K shares. 
The put/call ratio of MBLY is 0.40, indicating a bullish outlook.
What are Other Shareholders Doing?
Baillie Gifford holds 15,985K shares representing 1.98% ownership of the company. In its prior filing, the firm reported owning 8,424K shares , representing an increase of 47.30%. The firm increased its portfolio allocation in MBLY by 38.23% over the last quarter.
VWIGX - Vanguard International Growth Fund Investor Shares holds 5,228K shares representing 0.65% ownership of the company. No change in the last quarter.
Thrivent Financial For Lutherans holds 4,994K shares representing 0.62% ownership of the company. In its prior filing, the firm reported owning 2,273K shares , representing an increase of 54.49%. The firm increased its portfolio allocation in MBLY by 50.39% over the last quarter.
Southpoint Capital Advisors holds 4,750K shares representing 0.59% ownership of the company.
PRWCX - T. Rowe Price Capital Appreciation Fund holds 4,584K shares representing 0.57% ownership of the company. No change in the last quarter.
Fintel is one of the most comprehensive investing research platforms available to individual investors, traders, financial advisors, and small hedge funds.
Our data covers the world, and includes fundamentals, analyst reports, ownership data and fund sentiment, options sentiment, insider trading, options flow, unusual options trades, and much more. Additionally, our exclusive stock picks are powered by advanced, backtested quantitative models for improved profits.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
