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

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.

Published first on TheFly

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