Innoviz Technologies (NASDAQ:INVZ – Get 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
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
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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