JP Morgan Assumes Innoviz Technologies at Overweight, Lowers Price Target of $7
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Jesus Gonzalez Lopez has assumed coverage of Innoviz Technologies (INVZ) with an Overweight rating, while also lowering the price target to $7.

March 26, 2024 | 11:04 am
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POSITIVE IMPACT
Innoviz Technologies receives an Overweight rating from JP Morgan, but with a reduced price target of $7.
The Overweight rating suggests a positive outlook on INVZ's stock by JP Morgan, indicating a belief in its potential to outperform. However, the reduction in the price target could reflect a tempered expectation for its stock price growth, possibly due to market conditions or company-specific factors. This mixed signal might lead to short-term positive sentiment due to the Overweight rating, but with cautious optimism due to the lowered price target.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90