Goldman Sachs Downgrades Innoviz Stock Amid Cautious Lidar Prospects
Thursday, 11 July 2024, 05:35
Goldman Sachs Downgrades Innoviz Stock
Goldman Sachs has downgraded Innoviz stock due to concerns over the lidar market outlook, reflecting uncertainties in future growth prospects.
Reasons for Downgrade
- Market Demand: Uncertainties exist regarding the demand for lidar technology in the automotive industry.
- Competitive Landscape: Innoviz faces challenges from competitors in the lidar sector, impacting its market position.
Investors need to be cautious as Innoviz addresses these challenges in the autonomous driving market.
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