Mobileye price target raised to $55 from $45 at Loop Capital

Loop Capital raised the firm’s price target on Mobileye to $55 from $45 and keeps a Buy rating on the shares. "Key trends" for the company continue to manifest, suggesting that Mobileye is "tracking to guidance", the analyst tells investors in a research note, adding that Mobileye is among the "best of breed" names benefiting from strong, structural long-term societal trends. Already the 70% share leader in "Phase 1" Driver Assist, Mobileye has the opportunity to "become synonymous with autonomous", Loop Capital added.