Citigroup Feels Even More Bullish on Mobileye NV

In a report published Thursday, Citigroup analyst Itay Michaeli reiterated a Buy rating and $62.00 price target on Mobileye NV MBLY. In the report, Citigroup noted, “We hosted investor meetings with Mobileye today in Boston. In attendance were Mr. Ofer Maharshak, Senior VP & CFO; and Mr. Yonah Lloyd, Chief Communications Officer and Senior VP, Business Development. We walked away with even greater conviction on our long-term bull thesis and $62 price target. Though we appreciate some of the technical pressures that may be weighing on the stock, we view this recent pullback as a more compelling LT entry point. Buy.” Mobileye NV closed on Wednesday at $41.81.