In a new report, Deutsche Bank analyst Rod Lache explains why he believes the market is much too bearish on Mobileye NV MBLY 5.39%. According to Lache, active safety, autonomous technology and Mobileye have strong momentum heading into 2016.

Unfortunately for Mobileye shareholders, the stock’s momentum is squarely in the opposite direction. Shares are down more than 50 percent in the past six months.

Lache believes that the key driver of this decline is the company’s lower-than-expected 2016 revenue guidance and the market’s skepticism concerning the durability of Mobileye’s competitive market positioning.

While Lache understand the disappointment with the 2016 guidance, he argues…

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