Innoviz Technologies (INVZ) Stock: $9 Price Target From Goldman Sachs

By Amit Chowdhry ● Nov 17, 2021
  • The shares of Innoviz Technologies Ltd (NASDAQ: INVZ) have received a price target of $9 from Goldman Sachs. These are the details.

The shares of Innoviz Technologies Ltd (NASDAQ: INVZ) have received a price target of $9 from Goldman Sachs. And Goldman Sachs analyst Mark Delaney upgraded Innoviz Technologies to a “Buy” rating from “Neutral” while increasing the price target from $7.

Delaney believes that Innoviz has an attractive long-term opportunity to support applications and smart cities through their lidar solutions. And Delaney pointed out that the lidar hardware total addressable market could reach over $5 billion by 2025 and could be $15 billion or higher by 2030. 

Delaney cited Innoviz as being among the leaders in a competitive industry and that new order wins could be a major catalyst for the company.

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