Mobileye NV PT Raised to $68.00 at Morgan Stanley.
A number of other firms have also recently commented on MBLY. Analysts at Goldman Sachs upgraded shares of Mobileye NV from a “neutral” rating to a “buy” rating and raised their price target for the stock from $40.40 to $50.00 in a research note on Thursday, March 12th. They noted that the move was a valuation call. Analysts at RBC Capital set a $55.00 price target on shares of Mobileye NV and gave the company a “buy” rating in a research note on Thursday, March 5th. Analysts at Barclays set a $66.00 price target on shares of Mobileye NV and gave the company a “buy” rating in a research note on Thursday, March 5th. Finally, analysts at Wells Fargo & Co. reiterated a “buy” rating on shares of Mobileye NV in a research note on Monday, March 2nd. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $54.00.
Sentiment: Strong Buy
Resistance in mid 40 and will stay below 43 until early next week. Once it breaks through, look for 2 - 3 pop. MBLY momentum increasing and possibly break 50 by EOM.
I will take a 20% profit any day, based on JPMorgan new target price of $109
The firm's estimates, remain above consensus. JPM recommends buying shares of Alibaba on weakness.
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