IPO Stock Watch: Mobileye Accelerates; Toyota Aboard?

By | September 9, 2014

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Mobileye (MBLY) stock jumped Tuesday on positive reviews from analysts and reports that it might sign up Toyota Motor as a new customer of its driver assistance technology. Citigroup analyst Itay Michaeli raised his price target on Mobileye stock to 62 from 48 and hiked his EPS estimates. Morgan Stanley raised its price target to 65 from 46. Mobileye drove an eye-popping initial public offering on Aug. 1, jumping 50% on its first day. The IPO was Scalper1 News

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