Vetr Top Raters Downgrade Mobileye, Crowd-Sourced Price Target Implies 11% Upside
Shares of Mobileye NV (NYSE: MBLY) have lost around 10 percent since the start of 2016 and are lower by more than 33 percent over the past 6 months.
The stock's ongoing selling momentum likely prompted the Vetr crowd to downgrade Mobileye's stock rating to 4-stars out of a possible 5-stars.
Related link: Here's how crowdsourced ratings can beat the market.
Shares of Mobileye has risen to $39.07 since the prior rating of 5.0-stars was issued just 8 days ago.
Despite the downgrade, 84 percent of the crowd's ratings are bullish and the crowd-sourced price target of $43.61 implies a potential upside of 11 percent.
Latest Ratings for MBLY
|Sep 2016||SunTrust Robinson Humphrey||Initiates Coverage on||Buy|
|Jul 2016||JP Morgan||Initiates Coverage on||Neutral|
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