William Blair Starts Mobileye N.V (MBLY) at Outperform

William Blair initiates coverage on recent IPO Mobileye N.V (NYSE: MBLY) with an Outperform rating.

Analyst Jason Ader highlighted: Pure play in burgeoning market for advanced driver-assistance systems (ADASs); Highly differentiated software-based technology; Established position with automakers; Highly visible and profitable business model.

"Given Mobileye's unique combination of hypergrowth and high profitability, we believe P/E-to-growth (PEG) is the most appropriate valuation method; the current PEG ratio on our 2016 estimates is an attractive 0.9 times, versus the peer group PEG median of 1.9 times," Ader said.

For an analyst ratings summary and ratings history on Mobileye N.V click here. For more ratings news on Mobileye N.V click here.

Shares of Mobileye N.V closed at $38.19 yesterday.

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