Mobileye Deemed The ‘IPhone’ Of The Automobile Industry, Share Prices Rise

August 27, 2014 | The developer of vehicle collision prevention technology and recent IPO issuer Mobileye saw its share price rise dramatically yesterday (Wednesday) after nine underwriters covered the company. Out of the nine underwriters that wrote about Mobileye, seven stated that Mobileye would ‘Outperform’ and suggest ‘Buy’, while the remaining underwriters rated it as neutral. One analyst even stated that Mobileye is “the car industry’s IPhone moment,” referring to the potentially disruptive nature of Mobileye’s technology. Mobileye’s share price rose by 8.5 percent yesterday, raising the share price to $41.43 with a market cap of $1.33 billion. Mobileye was founded in 1999 by Prof. Amnon Shashua and CEO Ziv Aviram.