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RBC Capital Markets reported on Mobileye (NYSE:MBLY), bumping its price target to $63.54 earlier today

Showing a price of $60.95, Mobileye (NYSE:MBLY) traded 28.24% higher on the day. With the last close up 46.46% from the two hundred day average, compared to the Standard & Poor's 500 Index which has increased 0.04% over the same time period. MBLY has recorded a 50-day average of $45.40 and a two hundred day average of $41.39. Trade Volume was up over the average, with 88,357,006 shares of MBLY changing hands over the typical 5,072,730

Stating a potential upside of 0.04%, Rbc Capital Markets bumped up the target of Mobileye (NYSE:MBLY) to $63.54

Previously on 3/13/2017, Evercore ISI reported about Mobileye (NYSE:MBLY) increased the target price from $0.00 to $63.54. At the time, this suggested an upside of 0.04%.

Performance Chart

Mobileye has a price-earnings ratio of 131.78 with a one year low of $33.09 and a one year high of $61.51 MBLY’s total market value is presently $0.

A total of 12 firms have reported on the stock. 0 brokers rating the stock a strong buy, 0 brokers rating the stock a buy, zero equity analysts rating the company a hold, zero brokerages rating the company a underperform, and finally zero brokerages rating the company a sell with a 12-month price target of $54.67.

More About Mobileye (NYSE:MBLY)

Mobileye N.V. is engaged in the development of computer vision and machine learning, data analysis, localization and mapping for advanced driver assistance systems (ADAS) and autonomous driving technologies. The Company operates through two segments: Original Equipment Manufacturing (OEM) and aftermarket (AM). The Company's OEM segment supplies the software algorithms and EyeQ chip that are the technology of the ADAS to the Tier 1 companies, which are the system integrators for the automotive industry. In the AM segment, the Company sells system, which includes its software algorithms and EyeQ chip, as well as the camera and other necessary components. The Company's software algorithms and EyeQ chips perform detailed interpretations of the visual field in order to anticipate possible collisions with other vehicles, pedestrians, cyclists, animals, debris and other obstacles. The Company's technology is available in approximately 220 car models from over 20 OEMs.

The post RBC Capital Markets reported on Mobileye (NYSE:MBLY), bumping its price target to $63.54 earlier today appeared first on Octafinance.



This post first appeared on Octafinance – Financial News, Reports And Intell, please read the originial post: here

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RBC Capital Markets reported on Mobileye (NYSE:MBLY), bumping its price target to $63.54 earlier today

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