NEW YORK (TheStreet) -- Shares of Mobileye NV (MBLY - Get Report) are gaining in early-market trading, up 4.76% to $47.53 after RBC Capital Markets, LLC raised its price target to $52 from its previous $43 following the company's largely in-line second quarter earnings report.
Analysts at the firm maintained its "outperform" rating on Mobileye shares and cited the collision-avoidance technology company's upbeat medium to long-term prospects.
RBC Capital said it recommends buying the stock aggressively on pullbacks and believes the stock can surpass its new price target.
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