Why Has FBR Capital Given Mobileye (NYSE:MBLY) a $50.00 Price Target
FBR Capital commenced coverage its coverage for Mobileye (NYSE:MBLY), this morning 10 December. The broker found the stock of MBLY quite attractive and now has a target price of $50.00 with a key Mkt Perform rating.
From a total of 11 analysts covering Mobileye (NYSE:MBLY) stock, 0 rate it a ”Buy”, 0 a “Sell”, and 0 a ”Hold”. This means that NaN of the ratings are positive. The highest target price is $80 while the lowest target price is $50. The mean of all analyst targets is $70.09 with a 72.83% above today’s ($43.28) stock price. Mobileye was the topic of 9 analyst reports since July 22, 2015 according to the firm StockzIntelligence Inc. Evercore initiated shares on December 2 with “Buy” rating. Morgan Stanley maintained MBLY stock in a recent report from August 17 with “Overweight” rating.
Approximately 1.02M shares of stock traded hands. Mobileye NV (NYSE:MBLY) has declined 4.80% since May 7, 2015 and is downtrending. It has underperformed by 2.87% the S&P500.
Mobileye NV designs and develops software and related technologies for camera advanced driver assistance systems . The company has a market cap of $9.30 billion. The Company’s 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. It has 197.98 P/E ratio. The Company’s 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.
According to Zacks Investment Research, “Mobileye N.V. engages in designing and developing software and related technologies for camera-based advanced driver assistance systems. The company offers software algorithms and EyeQ chips that perform detailed interpretations of the visual field to anticipate possible collisions with other vehicles, pedestrians, cyclists, animals, debris, and other obstacles; and detect roadway markings, such as lanes, road boundaries, barriers, and related items, as well as identify and read traffic signs and traffic lights. Mobileye N.V. is headquartered in Jerusalem, Israel.” Get a free copy of the Zacks research report on Mobileye NV (MBLY).