Mobileye price target raised to $50 from $40 at Baird

Baird analyst Luke Junk raised the firm’s price target on Mobileye to $50 from $40 and keeps an Outperform rating on the shares. The analyst said the target increase was in recognition of the Street assigning a higher multiple to Mobileye, backed by the company’s outsized top-line growth and attractive profitability.