Oppenheimer analyst Colin Rusch raised the firm’s price target on Aeva Technologies (AEVA) to $6 from $5 and keeps an Outperform rating on the shares. The firm notes that the company delivered on several key technology and customers’ initiatives, while announcing financial results and guide slightly ahead of consensus. Oppenheimer continues to believe the Aeva’s 4D Lidar simplifies autonomous driving systems in all contexts, but importantly enables highway speed solutions given granular long-distance visibility and real-time velocity data.
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