Goldman Sachs Maintains Buy on Innoviz Technologies, Lowers Price Target to $3
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Mark Delaney has maintained a 'Buy' rating on Innoviz Technologies (NASDAQ:INVZ), but lowered the price target from $4.5 to $3.
September 01, 2023 | 12:51 pm
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Goldman Sachs has maintained a 'Buy' rating on Innoviz Technologies but lowered the price target from $4.5 to $3.
While the 'Buy' rating is maintained, the lowering of the price target could indicate a potential decrease in the short-term value of the stock. However, the impact is not necessarily negative as the 'Buy' rating is still in place, suggesting that the stock is still expected to perform well in the long run.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100