Vetr Top Raters Downgrade Mobileye, Crowd-Sourced Price Target Implies 11% Upside

Shares of Mobileye NV (NYSE: MBLY) have lost around 10 percent since the start of 2016 and are lower by more than 33 percent over the past 6 months.

The stock's ongoing selling momentum likely prompted the Vetr crowd to downgrade Mobileye's stock rating to 4-stars out of a possible 5-stars.

Related link: Here's how crowdsourced ratings can beat the market.

Shares of Mobileye has risen to $39.07 since the prior rating of 5.0-stars was issued just 8 days ago.

Despite the downgrade, 84 percent of the crowd's ratings are bullish and the crowd-sourced price target of $43.61 implies a potential upside of 11 percent.