Several analysts have recently updated their ratings and price targets for Innoviz Technologies (NASDAQ: INVZ):
- 9/23/2024 – Innoviz Technologies had its “overweight” rating reaffirmed by analysts at Cantor Fitzgerald. They now have a $2.00 price target on the stock.
- 9/10/2024 – Innoviz Technologies had its “neutral” rating reaffirmed by analysts at Rosenblatt Securities. They now have a $3.25 price target on the stock.
- 9/9/2024 – Innoviz Technologies had its “overweight” rating reaffirmed by analysts at Cantor Fitzgerald. They now have a $2.00 price target on the stock.
- 9/3/2024 – Innoviz Technologies had its “overweight” rating reaffirmed by analysts at Cantor Fitzgerald. They now have a $2.00 price target on the stock.
- 8/19/2024 – Innoviz Technologies had its “overweight” rating reaffirmed by analysts at Cantor Fitzgerald. They now have a $2.00 price target on the stock.
- 8/8/2024 – Innoviz Technologies had its price target lowered by analysts at Cantor Fitzgerald from $3.00 to $2.00. They now have an “overweight” rating on the stock.
- 8/6/2024 – Innoviz Technologies had its “buy” rating reaffirmed by analysts at Westpark Capital. They now have a $6.00 price target on the stock.
Innoviz Technologies Price Performance
Shares of Innoviz Technologies stock remained flat at $0.72 on Tuesday. The stock had a trading volume of 484,677 shares, compared to its average volume of 2,212,049. Innoviz Technologies Ltd. has a 12 month low of $0.50 and a 12 month high of $2.99. The stock has a market cap of $98.38 million, a price-to-earnings ratio of -0.94 and a beta of 0.99. The business has a fifty day simple moving average of $0.73 and a two-hundred day simple moving average of $0.99.
Innoviz Technologies (NASDAQ:INVZ – Get Free Report) last posted its quarterly earnings data on Wednesday, August 7th. The company reported ($0.13) EPS for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.01). The firm had revenue of $6.66 million for the quarter, compared to analysts’ expectations of $4.77 million. Innoviz Technologies had a negative net margin of 338.67% and a negative return on equity of 75.99%. During the same period in the prior year, the company posted ($0.23) earnings per share. As a group, research analysts anticipate that Innoviz Technologies Ltd. will post -0.64 EPS for the current year.
Hedge Funds Weigh In On Innoviz Technologies
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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