Innoviz Technologies (NASDAQ:INVZ) Stock Rating Upgraded by Rosenblatt Securities

Innoviz Technologies (NASDAQ:INVZGet Free Report) was upgraded by equities researchers at Rosenblatt Securities from a “neutral” rating to a “buy” rating in a report issued on Friday, MarketBeat reports. The firm presently has a $4.00 price target on the stock, up from their prior price target of $3.25. Rosenblatt Securities’ price objective indicates a potential upside of 280.95% from the company’s current price.

Other analysts have also recently issued reports about the company. The Goldman Sachs Group dropped their price target on Innoviz Technologies from $1.00 to $0.75 and set a “neutral” rating on the stock in a research report on Thursday, November 14th. Cantor Fitzgerald downgraded Innoviz Technologies from an “overweight” rating to a “neutral” rating in a report on Thursday, November 14th. Finally, Westpark Capital began coverage on Innoviz Technologies in a report on Wednesday, November 27th. They set a “buy” rating and a $1.30 price target for the company. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $3.01.

Check Out Our Latest Research Report on Innoviz Technologies

Innoviz Technologies Price Performance

Shares of Innoviz Technologies stock opened at $1.05 on Friday. The firm has a market cap of $142.99 million, a price-to-earnings ratio of -1.64 and a beta of 1.18. Innoviz Technologies has a 1 year low of $0.45 and a 1 year high of $2.97. The company has a 50-day moving average of $0.71 and a 200 day moving average of $0.77.

Institutional Trading of Innoviz Technologies

Institutional investors and hedge funds have recently modified their holdings of the business. Ground Swell Capital LLC purchased a new stake in shares of Innoviz Technologies during the second quarter valued at $26,000. Choreo LLC bought a new position in Innoviz Technologies during the 2nd quarter valued at about $185,000. SkyView Investment Advisors LLC purchased a new stake in shares of Innoviz Technologies during the 2nd quarter valued at about $371,000. Interval Partners LP grew its stake in shares of Innoviz Technologies by 19.6% in the second quarter. Interval Partners LP now owns 2,715,837 shares of the company’s stock worth $2,519,000 after acquiring an additional 444,823 shares during the period. Finally, Polar Asset Management Partners Inc. raised its holdings in shares of Innoviz Technologies by 29.6% during the third quarter. Polar Asset Management Partners Inc. now owns 3,219,400 shares of the company’s stock valued at $2,665,000 after purchasing an additional 735,300 shares during the last quarter. Institutional investors own 63.26% of the company’s stock.

Innoviz Technologies Company Profile

(Get Free Report)

Innoviz Technologies Ltd. manufactures and sells automotive grade LiDAR sensors and perception software to enable safe autonomous driving at a mass scale. The company offers InnovizOne, a solid-state LiDAR sensor designed for automakers and robotaxis, shuttles, trucks, and delivery companies requiring an automotive-grade and mass-producible solution to achieve autonomy.

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Analyst Recommendations for Innoviz Technologies (NASDAQ:INVZ)

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