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Shares of Mobileye NV (NASDAQ:MBLY) have received an average recommendation of “Buy” from the eleven brokerages that are presently covering the company, AnalystRatings.Net reports. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $45.44.

A number of analysts have recently weighed in on MBLY shares. Analysts at Citigroup Inc. initiated coverage on shares of Mobileye NV in a research note on Tuesday. They set a “buy” rating and a $48.00 price target on the stock. Separately, analysts at Raymond James initiated coverage on shares of Mobileye NV in a research note on Tuesday. They set an “outperform” rating and a $46.00 price target on the stock. Finally, analysts at Goldman Sachs initiated coverage on shares of Mobileye NV in a research note on Tuesday. They set a “neutral” rating and a $45.00 price target on the stock.

Mobileye NV (NASDAQ:MBLY) traded up 5.00% on Tuesday, hitting $40.10. The stock had a trading volume of 2,689,992 shares. Mobileye NV has a one year low of $31.11 and a one year high of $41.50. The stock’s 50-day moving average is $35.24 and its 200-day moving average is $35.24. The company’s market cap is $1.286 billion.

Mobileye NV designs and develops software and related technologies for camera-based advanced driver assistance systems (NASDAQ:MBLY).

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