Why Mobileye (MBLY) Stock Hit an All-Time High Today

NEW YORK (TheStreet) -- Mobileye  (MBLY) touched a new lifetime high of $44.88 on Wednesday after numerous analysts issued bullish ratings on the stock after its post-IPO quiet period ended.

Deutsche initiated coverage with a "buy" rating and a $45 price target. Dougherty set a "buy" rating with a $45 price target. Raymond James issued an "outperform" rating with a $46 price target. Citigroup tagged the stock with a "buy" rating and a $48 price target.

RBC issued an "outperform" rating with $43 price target. Wells Fargo also set an "outperform" rating, while Barclays set an "overweight" rating with a $49 price target.

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Morgan Stanley initiated coverage with an "overweight" rating and a $46 price target. The firm said Mobileye's products would be a crucial component of cars that drive themselves because the products allow vehicles to see and interpret their surrounding environments.

Robert W. Baird set a "neutral" rating with a $42 price target, while Goldman Sachs issued a "neutral" rating with a $43 price target. William Blair set an "outperform" rating.

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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