Cantor Fitzgerald Maintains Overweight on Innoviz Technologies, Lowers Price Target to $3
Portfolio Pulse from Benzinga Newsdesk
Cantor Fitzgerald analyst Andres Sheppard has maintained an Overweight rating on Innoviz Technologies (INVZ) but lowered the price target from $4 to $3.

May 09, 2024 | 2:18 pm
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Cantor Fitzgerald maintains an Overweight rating on Innoviz Technologies but reduces the price target from $4 to $3.
The reduction in price target by Cantor Fitzgerald, despite maintaining an Overweight rating, could lead to a negative short-term sentiment among investors, potentially causing a decrease in INVZ's stock price. The adjustment reflects a change in valuation expectations, which investors may interpret as a signal of slower growth or increased risk.
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IMPORTANCE 80
RELEVANCE 100