Innoviz Technologies upgraded to Buy from Neutral at Goldman Sachs

Goldman Sachs upgraded Innoviz Technologies (INVZ) to Buy from Neutral with a price target of $2.50, up from $1.50. The firm cites the company’s design potential over the next six months and its “inexpensive” valuation for the upgrade. Autonomous technology is increasingly important for the car makers, which will drive a higher level of advanced driver assistance system program awards, the analyst tells investors in a research note. Goldman believes Innoviz is well positioned to benefit. A design win could be a positive catalyst for the stock, it says.