Innoviz Technologies Ltd. Ordinary shares (INVZ)
Innoviz Technologies Ltd. is a leading provider of perception solutions for the autonomous vehicle and mobility markets. The company specializes in lidar sensors and perception software that enable vehicles to perceive their environment accurately, supporting the development of safe and reliable autonomous driving systems. Innoviz's technologies are utilized by automotive manufacturers, suppliers, and robotics companies to advance autonomous vehicle capabilities.
Company News
Innoviz Technologies reported Q2 2025 revenues of $9.7 million, secured a top five OEM contract, expanded into non-automotive markets, and maintained strong financial discipline with reduced cash burn and a new $75 million equity program.
The global automotive sensors market is expected to grow from $36.3 billion in 2023 to $61.7 billion by 2034, driven by the rise in autonomous vehicle production and demand for pressure sensors to optimize vehicle performance and safety.
Innoviz Technologies (INVZ) has declined 15.7% over the past four weeks, but the stock is now in oversold territory and analysts have raised earnings estimates, indicating a potential turnaround.
Goldman Sachs has downgraded Innoviz Technologies' stock from Buy to Neutral, citing a challenging environment for the lidar industry, slower-than-expected adoption of higher levels of vehicle autonomy, and ongoing price declines for lidar sensors.
Commercial Vehicle Group (CVGI) delivered earnings and revenue surprises of 0% and 2.24%, respectively, for the quarter ended September 2023. Do the numbers hold clues to what lies ahead for the stock?