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Morgan Stanley Places $100 Bullish Target On Mobileye NV

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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

DateFirmActionFromTo
Feb 2015Raymond JamesUpgradesMarket PerformOutperform
Feb 2015Dougherty & CompanyDowngradesBuyNeutral
Dec 2014Deutsche BankUpgradesHoldBuy

View More Analyst Ratings for MBLY
View the Latest Analyst Ratings

Posted-In: Morgan Stanley Ravi ShankerAnalyst Color Price Target Reiteration Analyst Ratings

 

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