NEW YORK (TheStreet) -- Shares of Mobileye NV (MBLY) are up 5.05% to $40.12 after Barclays (BCS) initiated coverage on the camera technology company on Tuesday with an "overweight" rating and a $49 price target.
Citigroup (C) also began coverage on shares of Mobileye Tuesday with a "buy" rating and a $48 price target. The firm noted potential upside of 25.69% from the stock's previous close of $38.19.
Analysts at Morgan Stanley (MS) said Mobileye's products will be a key component of cars that drive themselves because its products enable vehicles to see and interpret their surrounding environments.
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