Why Mobileye (MBLY) Stock is Falling In Pre-Market Trading Today

NEW YORK (TheStreet) -- Shares of Mobileye N.V. (MBLY)  are falling 2.65% to $55.10 in pre-market trading after the collision-avoidance technology company was downgraded to "hold" from "buy" at Deutsche Bank (DB) this morning.

The firm cited valuation following the recent rally of the stock and said they have a very favorable view on the company's long-term prospects.

Analysts at Deutsche Bank kept its $53 price target on the shares.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

MBLY Chart MBLY data by YCharts

EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he and Stephanie Link think could be potentially HUGE winners. Click here to see the holdings for FREE

If you liked this article you might like

Cramer: Unclog the Tech Takeovers!

Cramer: Unclog the Tech Takeovers!

AI Spells Growth for Micron

AI Spells Growth for Micron

Fiat Chrysler Shares Seem Unstoppable as People Speculate on Big China Deal

Fiat Chrysler Shares Seem Unstoppable as People Speculate on Big China Deal

The Intel Empire Is Striking Back, Jim Cramer Reveals

The Intel Empire Is Striking Back, Jim Cramer Reveals

Cramer: The Value of Overvalued Stocks

Cramer: The Value of Overvalued Stocks