Innoviz Technologies: Large TAM And Ramping Wins Signal An Attractive Opportunity

Principal Investor
107 Followers

Summary

  • Autos present the largest TAM for LiDAR, projected to exceed $100 billion in 2030.
  • INVZ has a solid product line-up covering a wide range of technical specifications.
  • The company is following up the early wins in automotive (BMW), a shuttle program with big volume wins (with VW), and a non-traditional auto OEM.
  • I have a December 2030 price target of $140.5 on the stock, derived from 17x P/E of 2030 forecasted earnings.

car in a studio

Arand

Thesis

Innoviz (NASDAQ:INVZ) is a LiDAR company focused on the automotive market, with a recent emphasis on serving as a Tier 1 to provide a LiDAR sensing solution to OEM customers. Despite a narrow portfolio of hardware products, the company

This article was written by

107 Followers
I focus on high-growth plays and use fundamental analysis to identify investment opportunities. I have over 10 years of experience as a sell-side analyst and have extensively covered small-cap stocks mainly in the tech and healthcare sector.

Analyst’s Disclosure:I/we have a beneficial long position in the shares of INVZ either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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