Roth MKM analyst Suji Desilva lowered the firm’s price target on LeddarTech to $1 from $5 and keeps a Buy rating on the shares. The firm cites the company’s Q3 revenue declin eof 25% from Q4 and sustaining its legacy lidar hardware run-rate near-term, the analyst tells investors in a research note. Roth MKM remains positive on LeddarTech’s differentiated automotive sensor fusion however, noting that its perception software provides automotive customers with advanced functionality.
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