- Biggest design win yet for Innoviz is significant given it positions Innoviz as one of the market leaders in the lidar market.
- This will bring incremental volumes and much-needed scale to achieve a better cost structure for manufacturing and procurement, lower unit economics and ultimately provide customers with competitive prices.
- The recent design win is also the first for InnovizTwo, which is said to have 30x improvement in performance and 70% cost improvement from the InnovizOne.
- My 12-month target price for Innoviz is $7.80, implying 65% upside potential for Innoviz.
For further details see:
Innoviz: Buy For Lidar Market Leader With Significant Upside