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Equities research analysts at Citigroup Inc. started coverage on shares of Mobileye NV (NASDAQ:MBLY) in a research note issued to investors on Tuesday, TheFlyOnTheWall.com reports. The firm set a “buy” rating and a $48.00 price target on the stock. Citigroup Inc.’s target price points to a potential upside of 25.69% from the company’s current price.

Shares of Mobileye NV (NASDAQ:MBLY) opened at 38.19 on Tuesday. Mobileye NV has a 1-year low of $31.11 and a 1-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 $1.225 billion.

A number of other analysts have also recently weighed in on MBLY. 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. Separately, 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. Finally, analysts at Deutsche Bank initiated coverage on shares of Mobileye NV in a research note on Tuesday. They set a “buy” rating and a $45.00 price target on the stock. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $45.44.

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

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