Citi analyst Atif Malik lowered the firm’s price target on Valens Semiconductor to $4 from $5 and keeps a Buy rating on the shares. The analyst still has confidence in the company’s long-term auto growth, saying Valens is a leader in setting standards in digital connectivity.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on VLN:
- Valens Semiconductor backs FY23 revenue view $83.8M-$84.2M, consensus $83.97M
- Valens Semiconductor Reports Second Quarter 2023 Results
- Valens Semiconductor reports Q2 EPS 0c, consensus (5c)
- Valens Semiconductor appoints Kuo to board of directors
- Valens Semiconductor announces collaboration with iCatch Technology
