Price Target Update on Mobileye N.V. (NYSE:MBLY)

Mobileye N.V. (NYSE:MBLY) : Average target price received by Mobileye N.V. (NYSE:MBLY) is $54.5 with an expected standard deviation of $12.95. The most aggressive target on the stock is $72, whereas the most downbeat target is $30. 8 financial analysts are currently covering the stock.

Other Equity analysts have also commented on the company shares. Berenberg initiates coverage on Mobileye N.V. (NYSE:MBLY). The current rating of the shares is Buy, according to the research report released by the firm. The brokerage firm announces the price target at $24 per share. The rating by the firm was issued on June 17, 2016.

Mobileye N.V. (NYSE:MBLY): stock turned positive on Thursday. Though the stock opened at $40.84, the bulls momentum made the stock top out at $43.29 level for the day. The stock recorded a low of $40.75 and closed the trading day at $43.25, in the green by 6.71%. The total traded volume for the day was 4,236,236. The stock had closed at $40.53 in the previous days trading.

The company shares have dropped -26.85% from its 1 Year high price. On Aug 17, 2015, the shares registered one year high at $64.48 and the one year low was seen on Feb 9, 2016. The 50-Day Moving Average price is $37.35 and the 200 Day Moving Average price is recorded at $35.68.

Mobileye NV designs and develops software and related technologies for camera-based advanced driver assistance systems (ADAS). The Companys software algorithms and EyeQ system on a chip (SOC) perform detailed interpretations of the visual field in order to anticipate possible collisions with other vehicles, pedestrians, cyclists, animals, debris and other obstacles. Its products are also able to detect roadway markings such as lanes, road boundaries, barriers and similar items, as well as to identify and read traffic signs and traffic lights. It operates in two segments: the original equipment manufacturer segment and the AM segment. The OEM segment supplies the software algorithms and EyeQ chip that are the core technology of the complete ADAS to the Tier 1 companies that are the system integrators for the automotive industry. In the AM segment, it sells a complete system, which includes its software algorithms and EyeQ chip, as well as the camera and other necessary components.

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