Morgan Stanley Places $100 Bullish Target On Mobileye NV
Analysts at Morgan Stanley maintained an Overweight rating and $100 bullish case price target on Mobileye NV (NYSE: MBLY).
Analysts feel Mobileye is the only “pure play” in the autonomous driving industry and could achieve 50 percent or more compound annual growth rate (CAGR).
Ravi Shanker feels that if Mobileye can maintain its 80 percent market share, the $100 price level is easily attainable by 2020. The analyst noted no annual price reductions, stable margins and penetration into the Chinese market as areas of growth.
Risks involved for Mobileye include the emergence of new competitors, invention of new software, deteriorating automotive cycle and uncertainty of its software being adopted in the market.
Shares of Mobileye recently traded at $44.60, up 1.6 percent.
Latest Ratings for MBLY
|May 2015||Pacific Crest||Initiates Coverage on||Sector Weight|
|Apr 2015||Deutsche Bank||Maintains||Buy|
|Mar 2015||Goldman Sachs||Upgrades||Neutral||Buy|
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