Citigroup Maintains Buy Rating for Valens Semiconductor: Here's What You Need To Know

Citigroup has decided to maintain its Buy rating of Valens Semiconductor VLN and lower its price target from $7.00 to $6.00.

Shares of Valens Semiconductor are trading down 3.43% over the last 24 hours, at $3.94 per share.

A move to $6.00 would account for a 52.28% increase from the current share price.

About Valens Semiconductor

Valens Semiconductor Ltd is a provider of semiconductor products, pushing the boundaries of connectivity by enabling long-reach, high-speed video, and data transmission for the audio-video and automotive industries. It operates in two segments: Audio-Video, which includes the company's HDBaseT solutions for the Audio-Video market deliver superior, plug-and-play convergence and distribution of different interfaces, through a single long-distance category cable; and Automotive segment products enable safe and resilient high-speed in-vehicle connectivity for car architectures, realizing the vision of connected and autonomous cars. The company's geographical segments include Israel, China, Hong Kong, the United States, Mexico, Japan, and Others.

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Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.

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Posted In: Analyst RatingsBZI-AAR-UPDATE
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