Innoviz Technologies Ltd (INVZ)

[WeTheMarket]

Why did Innoviz shares surge 60% this week?
Bullish analysts expect the Israeli LiDAR developer’s stock to climb significantly, suggesting even a massive 500% upside
CTech
11:04, 15.12.23
https://www.calcalistech.com/ctechnews/article/hyi2e9k8a

Key quotes:

"With our transition from SOP preparation to steady state manufacturing advancing day by day, we are shifting even more of our focus towards winning the next rounds of series production awards," said Omer Keilaf, Innoviz Co-Founder and CEO. "We continue to believe the LiDAR market will ultimately be a 'winner takes most' industry, and that the next few deals could provide us with additional momentum."

Keilaf added, "While the tragic events that have taken place in Israel over the past month have affected us all on a personal level, our global business has continued to operate as planned. Our international manufacturing operations in Germany, the U.S. and Asia were unaffected, and operations at our Israeli headquarters quickly normalized, aided by detailed business continuity planning coupled with a tremendous level of determination and commitment from the Innoviz team. It is in these trying times that we lift our heads and persevere."