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Mobileye NV (NASDAQ:MBLY) reached a new 52-week high on Wednesday , AnalystRatingsNetwork reports. The company traded as high as $45.00 and last traded at $44.84, with a volume of 6,860,879 shares trading hands. The stock had previously closed at $41.43.

A number of research firms have recently commented on MBLY. 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. Two analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Mobileye NV presently has an average rating of “Buy” and an average target price of $45.44.

The stock has a 50-day moving average of $35.58 and a 200-day moving average of $35.58. The company’s market cap is $1.438 billion.

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

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