Driver Assist Tech Maker Mobileye Hits 2015 High

By | July 9, 2015

Scalper1 News

Mobileye (MBLY) jumped to a nine-month high Thursday on some positive analyst comments. Baird upgraded Mobileye to outperform, citing the growth of driver-assistance system adoption. Baird also sees a favorable regulatory climate and new design wins for the camera-based systems and software maker. The analyst also raised its price target on Mobileye by 26 to 73. Shares are currently trading around 57. Mobileye gapped up 6% to 57.28 in heavy volume Scalper1 News

Scalper1 News