Innoviz Technologies upgraded to Buy from Neutral at Rosenblatt

Rosenblatt upgraded Innoviz Technologies (INVZ) to Buy from Neutral with a $4 price target The firm sees major manufacturers and the Mobileye Drive platform as “clearly separating” Innoviz from other automotive LiDAR players. In addition, Innoviz’s bundle offering of both short and long-range LiDAR positions the company well against the competition, as the bundle can help reduce costs, an important aspect when choosing a supplier, the analyst tells investors in a research note. Rosenblatt views 2025 as the transition year for Innoviz from prototype stage to volume production starting in 2026. It recommends investors start building a position ahead of this transition.