Shares of Mobileye NV MBLY have lost more than 11 percent of their value since the year started, and almost 5 percent in the past month alone. This drop has created plenty of room for upside, the crowd seems to believe.
Related Link: Here's How Crowdsourced Ratings Can Beat The Market
On Tuesday, following the above mentioned decline, top raters at the Vetr community decided to upgrade their rating on shares of Mobileye, from 3.5 Stars (Buy) to 5.0 Stars (Strong Buy) - out of a possible 5.0 Stars rating.
The new rating seems more aligned with the crowd’s target price of $48.10, which implies an upside potential of almost 27.5 percent from current valuations.
Finally, it should be noted that only 77 percent of the crowd’s rating are bullish, meaning that the crowd as a whole is not as bullish as the top raters.
Disclosure: Javier Hasse holds no positions in any of the securities mentioned above.
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