Mobileye Receives a New Rating from Top Analyst

By Austin Angelo

In a report released today, Walter Spracklin from RBC Capital reiterated a Hold rating on Mobileye (NYSE: MBLY), with a price target of $63.54. The company’s shares opened today at $61.80, close to its 52-week high of $61.95.

According to TipRanks.com, Spracklin is a top 100 analyst with an average return of 17.6% and a 76.1% success rate. Spracklin covers the Services sector, focusing on stocks such as Kansas City Southern, Magna International, and Union Pacific Corp.

Mobileye has an analyst consensus of Hold, with a price target consensus of $61.87.

The company has a one year high of $61.95 and a one year low of $33.69. Currently, Mobileye has an average volume of 6.35M.

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Mobileye NV engages in the designing and development of software and related technologies for camera-based advanced driver assistance systems. It operates through the following business segments: Original Equipment Manufacturing and After Market. The Original Equipment Manufacturing segment supplies systems on Chip, which includes core intelligence to be ultimately implemented within new vehicles through Tier 1 manufacturers who are system integrators to the automotive industry. The After Market segment engages in selling complete system, which offers advanced driver assistance functions to customers being primarily fleet commercial vehicles, fleet management system providers, new vehicle dealers and importers either directly, through distributors or through insurance companies. The company was founded by Ziv Aviram and Amnon Shashua in 1999 and is headquartered in Jerusalem, Israel.