Morgan Stanley Reiterates Overweight Rating for Mobileye NV (MBLY)
Mobileye NV (NASDAQ:MBLY)‘s stock had its “overweight” rating reaffirmed by equities researchers at Morgan Stanley in a research report issued on Wednesday. They currently have a $100.00 price target on the stock. Morgan Stanley’s target price would indicate a potential upside of 132.40% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Citigroup Inc. initiated coverage on shares of Mobileye NV in a research note on Tuesday, August 26th. 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, August 26th. 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, August 26th. They set a “neutral” 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 given a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $51.44.
Shares of Mobileye NV (NASDAQ:MBLY) traded up 14.41% during mid-day trading on Wednesday, hitting $49.23. 2,955,803 shares of the company’s stock traded hands. Mobileye NV has a one year low of $31.11 and a one year high of $45.46. The stock’s 50-day moving average is $37.10 and its 200-day moving average is $37.10. The company’s market cap is $1.579 billion.
Mobileye NV designs and develops software and related technologies for camera-based advanced driver assistance systems (NASDAQ:MBLY).
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