Innoviz Technologies Ltd. designs and manufactures solid state LiDAR sensors and develops perception software that enable the mass-production of autonomous vehicles. The company manufactures InnovizOne, a solid-state LiDAR sensor designed for automakers and robotaxi, shuttle, trucking, and delivery companies requiring an automotive-grade and mass-producible solution to achieve autonomy. Its automotive-grade sensor is integrable into Level 3 through 5 autonomous vehicles for the safety of passengers and pedestrians. The company also provides InnovizTwo, an automotive-grade LiDAR sensor that offers a solution for all levels of autonomous driving, as well as option to integrate the perception application in the LiDAR sensor; and perception application, a software application that turns the InnovizOne LiDAR's raw point cloud data into perception outputs to provide superior scene perception and deliver an automotive-grade ASIL B(D) solution. Its products can be used in various industries, including robotaxis, shuttles, delivery vehicles, buses, trucking, drones, and robotics, as well as construction, agriculture, smart city, security, mining, maritime, and mapping. The company operates in Europe, the Middle East, Africa, and North America. Innoviz Technologies Ltd. was incorporated in 2016 and is headquartered in Rosh HaAyin, Israel.
IPO Year:
Exchange: NASDAQ
Website: innoviz.tech
Date | Price Target | Rating | Analyst |
---|---|---|---|
7/11/2024 | $2.25 → $1.00 | Buy → Neutral | Goldman |
10/25/2022 | $5.00 | Neutral | Rosenblatt |
9/28/2022 | $12.00 | Buy | Berenberg |
9/20/2022 | $22.00 | Overweight | JP Morgan |
3/3/2022 | $8.00 → $7.00 | Buy | Goldman Sachs |
11/17/2021 | $7.00 → $9.00 | Neutral → Buy | Goldman Sachs |
Reached an important agreement with a major platform partner to supply a bundle of InnovizTwo short- and long-range LiDARs to their Level 4 autonomous platform, which was already selected by several OEM programs Q2 2024 revenues of $6.7 million exceed previous guidance range of $4-$5 million, up from $1.5 million in Q2 2023 TEL AVIV, Israel, Aug. 7, 2024 /PRNewswire/ -- Innoviz Technologies Ltd. (NASDAQ: INVZ) (the "Company" or "Innoviz"), a leading Tier-1 direct supplier of high-performance, automotive grade LiDAR sensors and perception software, today provided commercial and strategic updates on its business, reported its financial results for the quarter ended June 30, 2024, provided guid
The Indoor Lab will begin installations of InnovizTwo at some of the fastest growing airports in the US, including Denver International Airport, Tampa International Airport, and Nashville International Airport TEL AVIV, Israel, Aug. 6, 2024 /PRNewswire/ -- Innoviz Technologies Ltd. (NASDAQ:INVZ) (the "Company" or "Innoviz"), a world leader and Tier 1 supplier of high-performance LiDAR solutions, entered into a distribution agreement with The Indoor Lab LLC, a world leader in non-automotive LiDAR analytics, to deploy InnovizTwo LiDARs across its airport portfolio, beginning with Denver, Tampa, and Nashville International airports. This collaboration will enable airport partners with exceptio
TEL AVIV, Israel, Aug. 2, 2024 /PRNewswire/ -- Innoviz Technologies Ltd. (NASDAQ:INVZ) (the "Company" or "Innoviz"), a leading Tier-1 direct supplier of high-performance, automotive-grade LiDAR sensors and perception software, announced today that it has received a written notification from the Listing Qualifications Department of The Nasdaq Stock Market LLC ("Nasdaq") dated July 30, 2024, indicating that the Company no longer satisfies Nasdaq Listing Rule 5450(a)(1) based upon a closing bid price of less than $1.00 per share for the Company's ordinary shares (the "Shares") for the prior 30 consecutive business day period. The notification from Nasdaq has no immediate effect on the listin
TEL AVIV, Israel, July 17, 2024 /PRNewswire/ -- Innoviz Technologies Ltd. (NASDAQ:INVZ), (the "Company" or "Innoviz"), a leading Tier-1 direct supplier of high performance, automotive-grade LiDAR sensors and perception software, today announced that it will release its earnings results for the second quarter ended June 30, 2024, on Wednesday, August 7, 2024, before the market opens. Innoviz will host a conference call and webinar on the same day at 9:00 a.m. Eastern Time (6:00 a.m. Pacific Time) to discuss its operational and financial results followed by a question-and-answer session for the investment community. Operational and financial results will be issued in a press release prior
The agreement between the two companies adds short-range LiDARs into the OEM's L4 Autonomous Driving Platform TEL AVIV, Israel, June 26, 2024 /PRNewswire/ -- Innoviz Technologies Ltd. (NASDAQ:INVZ) (the "Company" or "Innoviz"), a leading Tier-1 direct supplier of high-performance automotive-grade LiDAR sensors and perception software, today announced a collaboration with an automotive OEM to advance its L4 autonomous vehicle capabilities. This agreement adds Innoviz's new short-range LiDARs into the OEM's Level 4 autonomous driving platform. The Company expects the collaboration will result in a series production nomination in the coming months, pending agreement of commercial terms.
The Impact Report highlights Innoviz's commitment to social impact, sustainable operations, and responsible business practices TEL AVIV, Israel, June 25, 2024 /PRNewswire/ -- Innoviz Technologies Ltd. (NASDAQ:INVZ) (the "Company" or "Innoviz"), a leading Tier-1 direct supplier of high-performance, automotive grade LiDAR sensors and perception software, today announced the release of its first Impact Report, covering the Company's initiatives and activities for 2022 to 2023 (the "Impact Report"). This comprehensive document underscores Innoviz's dedication to social impact, sustainable operations, and responsible business practices.
EcoMotion Assembly will highlight some of the best and brightest mobility tech companies, with international speakers from the global industry TEL AVIV, Israel, May 28, 2024 /PRNewswire/ -- Innoviz Technologies Ltd. (NASDAQ:INVZ) (the "Company" or "Innoviz"), a leading Tier-1 direct supplier of high-performance, automotive grade LiDAR sensors and perception software, today announced it will be hosting EcoMotion Assembly 2024 at its global headquarters in Rosh Ha'ayin on Tuesday, June 4th 2024. This year's event on "Mobility innovation in times of disruption" is attended by visitors from across the global industry, including leading OEMs and international consulting companies as well as busin
Q1 2024 revenues of $7.1 million exceed previous guidance range of $5 -$6 million; reiterates full year 2024 operational targets TEL AVIV, Israel, May 8, 2024 /PRNewswire/ -- Innoviz Technologies Ltd. (NASDAQ:INVZ) (the "Company" or "Innoviz"), a leading Tier-1 direct supplier of high-performance, automotive grade LiDAR sensors and perception software, today provided commercial and strategic updates on its business, reported its financial results for the first quarter ended March 31, 2024, provided guidance for the second quarter and reiterated its full year commercial and financial targets. "Innoviz is off to a terrific start this year. We achieved strong revenue growth, beating our expect
Innoviz successfully completed an 18-day test in the harshest winter conditions, demonstrating the robustness and reliability of the InnovizTwo LiDAR and Perception Software TEL AVIV, Israel, April 18, 2024 /PRNewswire/ -- Innoviz Technologies Ltd. (NASDAQ:INVZ) (the "Company" or "Innoviz"), a leading Tier-1 direct supplier of high-performance, automotive grade LiDAR sensors and perception software, announced today the successful completion of a winter test for its InnovizTwo LiDAR and Perception Software, a key engineering and R&D achievement. IInnoviz uses winter tests to measure and scrutinize the Company's products for thousands of kilometers. The data and
Innoviz successfully completed an 18-day test in the harshest winter conditions, demonstrating the robustness and reliability of the InnovizTwo LiDAR and Perception Software TEL AVIV, Israel, April 18, 2024 /PRNewswire/ -- Innoviz Technologies Ltd. (NASDAQ:INVZ) (the "Company" or "Innoviz"), a leading Tier-1 direct supplier of high-performance, automotive grade LiDAR sensors and perception software, announced today the successful completion of a winter test for its InnovizTwo LiDAR and Perception Software, a key engineering and R&D achievement. IInnoviz uses winter tests to measure and scrutinize the Company's products for thousands of kilometers. The data and insights accumulated are used
TEL AVIV, Israel, July 17, 2024 /PRNewswire/ -- Innoviz Technologies Ltd. (NASDAQ:INVZ), (the "Company" or "Innoviz"), a leading Tier-1 direct supplier of high performance, automotive-grade LiDAR sensors and perception software, today announced that it will release its earnings results for the second quarter ended June 30, 2024, on Wednesday, August 7, 2024, before the market opens. Innoviz will host a conference call and webinar on the same day at 9:00 a.m. Eastern Time (6:00 a.m. Pacific Time) to discuss its operational and financial results followed by a question-and-answer session for the investment community. Operational and financial results will be issued in a press release prior
TEL AVIV, Israel, April 17, 2024 /PRNewswire/ -- Innoviz Technologies Ltd. (NASDAQ:INVZ), (the "Company" or "Innoviz"), a leading Tier-1 direct supplier of high performance, automotive-grade LiDAR sensors and perception software, today announced that it will release its earnings results for the first quarter ended March 31, 2024 on Wednesday, May 8, 2024 before the market opens. Innoviz will host a conference call and webinar on the same day at 9:00 a.m. Eastern Time (6:00 a.m. Pacific Time) to discuss its operational and financial results followed by a question-and-answer session for the investment community. Operational and financial results will be issued in a press release prior to th
Full year 2023 revenues of approximately $21M exceeded guidance with year-over-year growth of 246%Q4 2023 revenues of approximately $15M exceeded guidance with 328% growth quarter-over-quarter and 846% growth year-over-yearStrong revenue growth coupled with disciplined cost management led to the lowest quarterly cash burn since becoming a public company, finishing the year with approximately $150 million in cash and equivalentsTEL AVIV, Israel, Feb. 28, 2024 /PRNewswire/ -- Innoviz Technologies Ltd. (NASDAQ:INVZ) (the "Company" or "Innoviz"), a leading Tier-1 direct supplier of high-performance, automotive grade LiDAR sensors and perception software, today provided commercial and strategic u
TEL AVIV, Israel, Jan. 29, 2024 /PRNewswire/ -- Innoviz Technologies Ltd. (NASDAQ:INVZ), (the "Company" or "Innoviz"), a leading Tier-1 direct supplier of high performance, automotive-grade LiDAR sensors and perception software, today announced that it will release its earnings results for the fourth quarter and full year ended December 31, 2023 on Wednesday, February 28, 2024 before the market opens. Innoviz will host a conference call and webinar on the same day at 9:00 a.m. Eastern Time (6:00 a.m. Pacific Time) to discuss its operational and financial results followed by a question-and-answer session for the investment community. Operational and financial results will be issued in a pr
SOP and expanded relationship with BMW Group combined with additional year-to-date commercial momentum underlines the strength of Innoviz's LiDAR sensor and software platform TEL AVIV, Israel , Aug. 2, 2023 /PRNewswire/ -- Innoviz Technologies Ltd. (NASDAQ:INVZ) (the "Company" or "Innoviz"), a leading Tier-1 direct supplier of high-performance, automotive grade LiDAR sensors and perception software, today provided commercial and strategic updates on its business, reported its financial results for the second quarter ended June 30, 2023 and raised 2023 financial targets. Innoviz has achieved Start of Production (SOP) with its first generation BMW Group program. The first component shipments i
TEL AVIV, Israel, July 10, 2023 /PRNewswire/ -- Innoviz Technologies Ltd. (NASDAQ:INVZ) (the "Company" or "Innoviz"), a Tier-1 direct supplier of high performance, automotive-grade LiDAR sensors and perception software, today announced that it will release its earnings results for the second quarter ended June 30, 2023 on Wednesday, August 2, 2023 before the market opens. Innoviz will host a conference call and webinar on the same day at 9:00 a.m. Eastern time (6:00 a.m. Pacific time) to discuss its operational and financial results followed by a question-and-answer session for the investment community. Operational and financial results will be issued in a press release prior to the call. In
Innoviz updates 2023 targets due to expanded relationship with a major existing customer along with other progress made year-to-date TEL AVIV, Israel, May 17, 2023 /PRNewswire/ -- Innoviz Technologies Ltd. (NASDAQ:INVZ) (the "Company" or "Innoviz"), a Tier-1 direct supplier of high-performance, automotive grade LiDAR sensors and perception software, today provided commercial and strategic updates on its business, reported its financial results for the first quarter ended March 31, 2023 and updated 2023 commercial and financial targets. Innoviz today announced that a major existing global automotive customer aims to expand its use of the InnovizTwo LiDAR to a new light commercial vehicle pro
TEL AVIV, Israel, April 24, 2023 /PRNewswire/ -- Innoviz Technologies Ltd. (NASDAQ:INVZ) (the "Company" or "Innoviz"), a technology leader of high performance, automotive-grade LiDAR sensors and perception software, today announced that it will release its earnings results for the first quarter ended March 31, 2023 on Wednesday, May 17, 2023 before the market opens. Innoviz will host a conference call and webinar on the same day at 9:00 a.m. Eastern time (6:00 a.m. Pacific time) to discuss its operational and financial results followed by a question-and-answer session for the investment community. Operational and financial results will be issued in a press release prior to the call. Investor
Innoviz continued its progress towards 2023 series production launches, further expanded its customer pipeline, added a key automotive industry veteran as a senior advisor, and is in discussions to expand its program award with one of its largest customers TEL AVIV, Israel, March 1, 2023 /PRNewswire/ -- Innoviz Technologies Ltd. (NASDAQ:INVZ) (the "Company" or "Innoviz"), a Tier-1 direct supplier of high-performance, solid-state LiDAR sensors and perception software, today provided commercial and strategic updates on its business, reported its financial results for the full year ended December 31, 2022 and announced 2023 operational and financial targets. Management Commentary "2022 was a
TEL AVIV, Israel, Feb. 9, 2023 /PRNewswire/ -- Innoviz Technologies (NASDAQ:INVZ), a leading provider of high performance, solid-state LiDAR sensors and perception software, today announced that it will release its earnings results for the fourth quarter and full year ended December 31, 2022 on Wednesday, March 1, 2023 before the market opens. Innoviz will host a conference call and webinar on the same day at 9:00 a.m. Eastern time (6:00 a.m. Pacific time) to discuss its operational and financial results followed by a question-and-answer session for the investment community. Operational and financial results will be issued in a press release prior to the call. Investors are invited to at
Names Tali Chen as Chief Business Officer Appoints Scott Craig as Country Manager, U.S. and Brijesh Shukla as Country Manager, Japan TEL AVIV, Israel, May 24, 2022 /PRNewswire/ -- Innoviz Technologies Ltd. (NASDAQ:INVZ) (the "Company" or "Innoviz"), a leading provider of high-performance LiDAR sensors and perception software, today announced a series of management team appointments to bolster its sales leadership experience and support its continued growth. Innoviz has appointed Tali Chen as Chief Business Officer (CBO), effective immediately. Chen will oversee the Company's b
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Cantor Fitzgerald analyst Andres Sheppard reiterates Innoviz Technologies (NASDAQ:INVZ) with a Overweight and maintains $3 price target.
Cantor Fitzgerald analyst Andres Sheppard reiterates Innoviz Technologies (NASDAQ:INVZ) with a Overweight and maintains $3 price target.
Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades, downgrades and initiations, please see our analyst ratings page. Morgan Stanley analyst Joseph Moore downgraded the rating for ON Semiconductor (NASDAQ:ON) from Equal-Weight to Underweight, while cutting the price target from $70 to $65. ON Semiconductor shares gained 4.2% to close at $76.59 on Wednesday. See how other analysts view this stock. Goldman Sachs analyst Mark Delaney downgraded Innoviz Technologies Ltd. (NASDAQ:INVZ) from Buy to Neutral, while cutting the price target from $2.25 to $1. Innoviz Technologies shares rose 5.6% to close at $0
Goldman Sachs analyst Mark Delaney downgrades Innoviz Technologies (NASDAQ:INVZ) from Buy to Neutral and lowers the price target from $2.25 to $1.
Cantor Fitzgerald analyst Andres Sheppard reiterates Innoviz Technologies (NASDAQ:INVZ) with a Overweight and maintains $3 price target.
The agreement between the two companies adds short-range LiDARs into the OEM's L4 Autonomous Driving Platform
The Impact Report highlights Innoviz's commitment to social impact, sustainable operations, and responsible business practicesTEL AVIV, Israel, June 25, 2024 /PRNewswire/ -- Innoviz Technologies Ltd. (NASDAQ:INVZ) (the "Company" or "Innoviz"), a leading Tier-1 direct supplier of high-performance, automotive grade LiDAR sensors and perception software, today announced the release of its first Impact Report, covering the Company's initiatives and activities for 2022 to 2023 (the "Impact Report"). This comprehensive document underscores Innoviz's dedication to social impact, sustainable operations, and responsible business practices.
Cantor Fitzgerald analyst Andres Sheppard maintains Innoviz Technologies (NASDAQ:INVZ) with a Overweight and lowers the price target from $4 to $3.
Goldman downgraded Innoviz Technologies from Buy to Neutral and set a new price target of $1.00 from $2.25 previously
Rosenblatt initiated coverage of Innoviz Technologies with a rating of Neutral and set a new price target of $5.00
Berenberg resumed coverage of Innoviz Technologies with a rating of Buy and set a new price target of $12.00
JP Morgan initiated coverage of Innoviz Technologies with a rating of Overweight and set a new price target of $22.00
Goldman Sachs reiterated coverage of Innoviz Technologies with a rating of Buy and set a new price target of $7.00 from $8.00 previously
Goldman Sachs upgraded Innoviz Technologies from Neutral to Buy and set a new price target of $9.00 from $7.00 previously
Berenberg initiated coverage of Innoviz Technologies with a rating of Buy and set a new price target of $13.00
Cantor Fitzgerald initiated coverage of Innoviz Technologies with a rating of Overweight and set a new price target of $14.00
Goldman Sachs initiated coverage of Innoviz Technologies with a rating of Neutral and set a new price target of $11.00
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