Mobileye N.V. fell sharply Friday after Citron Research cut the stock price target for the maker of advanced driver assistance systems to $20 and warned that it may eventually be headed for $10. “Investing in this company is a losing bet on a blue-sky future that just does not exist,” said Andrew Left, head of Citron Research, who accused Mobileye of riding the “self-driving car” hype. Left also said there is nothing about Mobileye’s business or technology that validates its $12 billion market cap. Shares of Mobileye slid 3.1% to $45.08.
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