Wall Street’s new tech darling: Mobileye

Mobileye (MBLY) designs technology to avoid auto accidents and may play a role in the development of self-driving cars that’s getting so much buzz.

Shares popped over 5% Tuesday after Wall Street analysts unveiled a series of optimistic forecasts for the company and the stock.

“Much like the airbag, anti-lock brakes, and electronic stability control over the past few decades, we believe Mobileye’s monocular camera system is at the early stages of a 10-20 year mass adoption by the auto industry,” wrote Raymond James analyst Tavis McCort in a research note.

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