Innoviz Technologies Ltd. Warrant (INVZW)

Goldman Sachs upgraded Innoviz Technologies stock from Neutral to Buy, raising its price target and highlighting potential autonomous driving technology design wins with major automakers.

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.

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.