NEW YORK (TheStreet) -- Shares of Mobileye (MBLY)  are rising 3.87% to $47.08 this afternoon after the company ended its relationship with Tesla Motors (TSLA) and as analysts at Dougherty & Co. raised their rating on the shares to "buy" from "neutral."

The firm has a $60 price target on the stock.

Mobieye, an Israeli company developing autonomous driving technology, had recently partnered with Tesla to build semiautonomous electric cars. The company said this week that once the current contract has run its course, it would no longer work with Tesla due to disagreements over how Mobileye's technology was deployed.

A Tesla vehicle equipped with Mobileye technology was involved in a fatal car crash this past May.

Despite the break with Tesla, Dougherty said that Mobileye stock would not suffer much.

"We believe there are more near-term catalysts working in favor of the stock (especially given that the biggest near-term fear-losing Tesla-is over)," the firm said in a note cited by Barron's.

Dougherty added that Tesla comprises only about 1% of Mobileye's revenue today and that for the company's $1.1 billion 2019 revenue target, its business with Tesla only comprises about $17 million, or 350,000 vehicles.

Separately, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.

TheStreet Ratings rated this stock as a "hold" with a ratings score of C-.

The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and notable return on equity. However, TheStreet Ratings finds weaknesses including a generally disappointing performance in the stock itself and premium valuation.

You can view the full analysis from the report here: MBLY

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