In a report released today, Joseph Spak from RBC Capital reiterated a Buy rating on Mobileye NV(NYSE:MBLY), with a price target of $53. The company’s shares closed last Friday at $47.11. The analyst reiterated his Buy rating after BMW announced it will partner will Mobileye, an Israeli computer vision company, to attempt to release self-driving cars by 2021.
According to TipRanks.com, Spak is a 2-star analyst with an average return of -0.4% and a 41.8% success rate. Spak covers the Consumer Goods sector, focusing on stocks such as Tenneco Automotive, Delphi Automotive, and Johnson Controls.
Currently, the analyst consensus on Mobileye is Strong Buy and the average price target is $72, representing a 52.8% upside.
In a report issued on June 30, Deutsche Bank also reiterated a Buy rating on the stock with a $72 price target.
The company has a one year high of $64.48 and a one year low of $23.57. Currently, Mobileye has an average volume of 3.09M.