Short Term Price Target on Mobileye N.V. (MBLY)

Mobileye N.V. (NYSE:MBLY) stock is expected to deviate a maximum of $12.95 from the average target price of $54.5 for the short term period. 8 Street Experts have initiated coverage on the stock with the most promising target being $72 and the most muted being $30.

Shares of Mobileye N.V. rose by 6.68% in the last five trading days and 20.91% for the last 4 weeks. Mobileye N.V. is up 28.24% in the last 3-month period. Year-to-Date the stock performance stands at 9.13%. Also, Berenberg initiates coverage on Mobileye N.V. (NYSE:MBLY) In a research note issued to the investors, the brokerage major announces price-target of $24 per share.The shares have been rated Buy. The rating by the firm was issued on June 17, 2016.

Mobileye N.V. (NYSE:MBLY) has an average broker rating of 1.58, which is interpreted as a Buy, as rated by 12 equity analysts. Nonetheless, 7 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 3 other analysts advise a Buy. Nevertheless, the majority of 2 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold.

Mobileye N.V. (NYSE:MBLY): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $45.46 and $45.29 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $49.00. The buying momentum continued till the end and the stock did not give up its gains. It closed at $46.14, notching a gain of 9.96% for the day. The total traded volume was 16,723,519 . The stock had closed at $41.96 on the previous day.

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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