Vetr: Mobileye Could Return More Than 21%

Shares of Mobileye NV MBLY have lost more than 11.6 percent of value since September 12.

The Vetr crowd seems to believe this has unlocked some room for upside, as evidenced by its average price target of $51.16. This target implies a potential return of roughly 21.1 percent from current valuations.

Related Link: Here's How Crowdsourced Ratings Can Beat The Market

Seeking to better reflect the upside potential, the Vetr community decided to upgrade its rating on shares of Mobileye on Tuesday, from 4.0 stars (Buy) to 4.5 stars (Strong Buy), out of a possible five-star rating.

However, It should be noted that only 60 percent of the crowd’s ratings are bullish at the time, meaning that those bullish are very optimistic on the upside the stock offers.