JP Morgan has decided to maintain its Overweight rating of Innoviz Technologies INVZ and lower its price target from $22.00 to $13.00.
Shares of Innoviz Technologies are trading down 3.19% over the last 24 hours, at $3.95 per share.
A move to $13.00 would account for a 229.11% increase from the current share price.
About Innoviz Technologies
Innoviz Technologies Ltd is a provider of technology that will put autonomous vehicles on roads. It is a company with LiDAR technology that can see better than a human driver, while also meeting the automotive industry's strict requirements for performance, safety, and price. The company provides a complete and comprehensive solution for automotive original equipment manufacturers (OEMs) and Tier-1 partners that are developing and marketing autonomous driving vehicles to the passenger car and other relevant markets, such as robotaxis, shuttles, and trucking.
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