Mobileye (NYSE:MBLY) recently reported earnings for the fourth quarter of its financial year 2015. The company reported impressive results, topping Street estimates with good year-on-year results. However, the driver-assisting technology provider missed its guidance estimates for 2016 with forecasted revenues below Street expectations. Deutsche Bank recently talked about Mobileye’s Q4 update and the firm is looking at the results with sub positivity in the air.

The firm’s analyst, Rod Lache, said that Mobileye’s update was “relatively positive” and that there were only a few negatives to be pointed out. He said that these included the guidance for the company’s Net Income which was around 2 million lower than DB. He mentioned that the company’s guidance for 2016’s revenue of between $336-$340 million is comparable to the DBe of $339 million and that the net income guidance of between $161-$163 million is slightly off the DBe of $165.7 million. He also highlighted the fact that Mobileye is looking to spend on REM well ahead of its projected revenue growth and since it amounts to a “few million dollars” according to their analysis, he views the move as something done towards the positive.

The analyst added that they think that the steps taken by Mobileye in order to work its growth are something they “believe in.” The steps taken by them prove the fact that the industry Mobileye is working in has very high barriers to entry and that many companies that are looking to jump into this market often end up underestimating them. He said that all of the results so far have been “supportive of their view.” The analyst also added that some of the investors out there might be looking to focus more on “inventory build” this time around. He said that Mobileye’s management has “flagged this move a year ago” and that they had decided to build inventory based on the requirements of its customers.

Following the commentary, the analyst made no change to his Buy rating for Mobileye and provided a price target of $72.