Analysts at Barclays have reiterated an “Overweight’ rating on Mobileye NV (NYSE:MBLY) stock, along with a 12-month target price of $76 after its recent sell-off. Barclays believes the concerns surrounding Mobileye stock are highly exaggerated and expects the company to maintain its leading position in the coming quarters.
According to the research firm, Mobileye will continue to perform well in the upcoming quarters as compared to its industry peers, despite increased competitive pressures in the semi-autonomous market. Mobileye is expected to become a market leader with its upcoming Automatic Emergency Braking (AEB) technology
Read the full story at Business ETC, by: Larry Darrell
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