Goldman Sachs Maintains Buy on Innoviz Technologies, Lowers Price Target to $2.5
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Mark Delaney has maintained a Buy rating on Innoviz Technologies (NASDAQ:INVZ) but has reduced the price target from $3 to $2.5.
January 25, 2024 | 2:10 pm
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Goldman Sachs reaffirms a Buy rating on Innoviz Technologies but lowers the price target to $2.5, indicating a potential upside but with caution.
While the Buy rating suggests that Goldman Sachs believes in the long-term potential of Innoviz Technologies, the reduction in the price target may reflect a more conservative outlook on the company's short-term performance. This could lead to mixed reactions in the market, with some investors seeing the lowered price target as a sign of reduced growth prospects, while others may focus on the continued endorsement of the stock through the Buy rating.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100