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Valens Semiconductor price target lowered to $8 from $10 at Oppenheimer
The Fly

Valens Semiconductor price target lowered to $8 from $10 at Oppenheimer

Oppenheimer analyst Rick Schafer lowered the firm’s price target on Valens Semiconductor to $8 from $10 and keeps an Outperform rating on the shares after the company reported Q3 results. The analyst likes Valens’ accelerating growth story led by auto share/content capture, though lowered his price target to reflect group multiple compression.

Published first on TheFly

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