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Top related persons:
LAZR - 1 INVZ LAZR - 1 Jade Gao - 1 They're - 1 Luminar - 1 — - 1 Omer Keilaf - 1 Keilaf - 1
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Shenzhen China Germany U.S SPACs Orlando , Florida
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AFP - 1 Getty - 1 BMW - 1 Volkswagen - 1 Refinitiv - 1 Volvo - 1 Polestar - 1 Benz - 1

Search resuls for: "Innoviz"


5 mentions found


☆ Automakers are finally embracing lidar sensors. A few startups look like market-share winners
  + stars: | 2023-08-18 | by ( John Rosevear | In Jrosevear | ) www.cnbc.com   time to read: +6 min
In this article INVZLAZROUSTINVZLAZROUST Follow your favorite stocks CREATE FREE ACCOUNTA Hesai lidar sensor on top of a vehicle in Shenzhen, China, July 10, 2022. Jade Gao | AFP | Getty ImagesFor investors in lidar startups, this has been a long time coming. After years of talk — and a SPAC boom in the sensor sector — automakers have finally started incorporating lidar units into their vehicles. Lidar, short for light detection and ranging, is a sensor technology that uses invisible lasers to create a detailed 3D map of the sensor's surroundings. Playing into investors' intense interest in self-driving technology, many lidar startups went public via mergers with special purpose acquisition companies, or SPACs, over the last few years.
Persons: LAZR, INVZ LAZR, Jade Gao, They're, Luminar, —, Omer Keilaf, Keilaf, Innoviz, Austin Russell, Russell, we'll, Tom Fennimore Organizations: AFP, Getty, BMW, Volkswagen, Refinitiv, Volvo, Polestar, Benz, Luminar Technologies, Bloomberg Locations: Shenzhen, China, Germany, U.S, SPACs, Orlando , Florida
☆ Luminar CFO defends lidar maker's pricing and revenue in the wake of a Goldman downgrade
  + stars: | 2023-03-24 | by ( John Rosevear | ) www.cnbc.com   time to read: +3 min
A Mercedes-Benz van retrofitted with different types of lidar systems, including Luminar's Iris, to showcase the differences in the technologies. Lidar maker Luminar Technologies , stung by a recent Wall Street downgrade, is responding in an unusual way: taking its case directly to the shareholders. "We continue to see Luminar as one of a handful of leaders in the very competitive lidar industry," Delaney wrote. "'Premium pricing' isn't a theoretical concept we are forecasting, but an achievement we have already made in our major customer contracts," Fennimore wrote in the shareholder letter. And the second point Fennimore says Goldman missed: The time frame Delaney chose to compare Luminar's valuation against those of its rivals.
☆ Goldman Sachs says this self-driving car software stock could fall 35%
  + stars: | 2023-03-22 | by ( Sarah Min | ) www.cnbc.com   time to read: +2 min
Luminar Technologies shares are too expensive at current valuations and could fall 35%, Goldman Sachs said. Luminar shares outperformed this year as investors moved back into riskier assets. However, the analyst says Luminar shares now have downside after that run-up. Delaney's $5 price target means shares could fall 35% from Tuesday's close. Luminar shares were down more than 8% in Wednesday premarket trading.
☆ Electric vehicle stocks roar back to life in 2023 — Wall Street's favorite plays from here
  + stars: | 2023-02-08 | by ( Michelle Fox | ) www.cnbc.com   time to read: +4 min
The average analyst price target calls for at least a 10% gain in the next 12 months, per FactSet. It also has 82% upside to the average analyst price target. Rivian Automotive has a whopping 90% upside to the average analyst price target. Lastly, General Motors has nearly 15% upside to the average analyst price target, with 54% of analysts covering the Cadillac maker rating it a buy. While a majority of the analysts covering the stock rate it a buy, the average price target implies 1% downside.
☆ Here are Tuesday's biggest analyst calls: Amazon, Ford, Humana, Tesla, Nike, Norwegian & more
  + stars: | 2022-09-20 | by ( Michael Bloom | ) www.cnbc.com   time to read: +6 min
Here are Tuesday's biggest calls on Wall Street: Morgan Stanley reiterates Tesla as overweight Morgan Stanley said it sees competition rising in China and that Tesla is going through a "peak China dependency" phase. Morgan Stanley upgrades Humana to overweight from equal weight Morgan Stanley said in its upgrade of the health insurer that it sees "accelerated growth." Morgan Stanley reiterates Ford as equal weight Morgan Stanley kept its equal weight rating on the automaker, but said it investors might want to buy the stock on weakness. Morgan Stanley reiterates Amazon as overweight Morgan Stanley said that its checks show that Amazon is becoming a formidable competitor to Shopify. Barclays downgrades Nike to equal weight from overweight Barclays said in its downgrade of Nike that it sees rising inventory risks.
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