Why Mobileye (MBLY) Stock Is Up Today

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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MBLY Chart MBLY data by YCharts

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Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

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