UPDATE: Morgan Stanley Initiates Coverage On Mobileye
Analysts at Morgan Stanley initiated an Overweight rating on Mobileye (NYSE: MBLY) Tuesday.
Mobileye is a software development company that produces camera-based advanced driver assistance systems (ADAS). Mobileye's proprietary vision algorithm allows the car to see and interpret its surrounding environment, making it a key enabler for cars that will soon drive themselves.
Ravi Shanker outlined three reasons for the initiation.
- By 2022, 50 percent of new cars sold globally will have some form of autonomous system.
- Mobileye early leader with deep penetration in the industry, nearly 80 percent market share in the vision market.
- Unparalleled growth rate of 50 percent revenue compared to other stocks in the space.
Mobileye traded recently at $40.41 up 5.8 percent.
Latest Ratings for MBLY
|Jan 2017||Jefferies||Initiates Coverage On||Buy|
|Jan 2017||Monness Crespi Hardt||Initiates Coverage On||Buy|
|Dec 2016||BMO Capital||Initiates Coverage On||Market Perform|
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