Innoviz Technologies Ltd (INVZ)

[WeTheMarket]

Innoviz Technologies (NASDAQ:INVZ) Receives New Coverage from Analysts at Cantor Fitzgerald, Posted by ABMN Staff on May 19th, 2021 https://www.americanbankingnews.com/2021/05/19/innoviz-technologies-nasdaqinvz-receives-new-coverage-from-analysts-at-cantor-fitzgerald.html

Analysts at Cantor Fitzgerald assumed coverage on shares of Innoviz Technologies (NASDAQ:INVZ) in a research note issued on Wednesday, Briefing.com reports. The brokerage set an “overweight” rating and a $14.00 price target on the stock. Cantor Fitzgerald’s price target would suggest a potential upside of 34.87% from the stock’s previous close.

Separately, The Goldman Sachs Group began coverage on Innoviz Technologies in a research report on Monday, April 26th. They issued a “neutral” rating and a $11.00 price objective for the company.

INVZ opened at $10.38 on Wednesday. The business’s 50-day moving average is $10.13. Innoviz Technologies has a 52-week low of $8.71 and a 52-week high of $17.75.

Several hedge funds have recently made changes to their positions in the business. Jane Street Group LLC bought a new stake in shares of Innoviz Technologies in the 4th quarter worth approximately $436,000. Ratan Capital Management LP acquired a new position in shares of Innoviz Technologies in the 4th quarter worth approximately $3,799,000. Squarepoint Ops LLC acquired a new position in shares of Innoviz Technologies in the 4th quarter worth approximately $264,000. DeepCurrents Investment Group LLC acquired a new position in shares of Innoviz Technologies in the 4th quarter worth approximately $807,000. Finally, ExodusPoint Capital Management LP acquired a new position in shares of Innoviz Technologies in the 4th quarter worth approximately $437,000.