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Benzinga
Benzinga
Business
Anusuya Lahiri

Here's Why Cepton Shares Are Trading Higher Today

Maxim (Organization)
  • Maxim analyst Matthew Galinko initiated coverage of Cepton Inc (NASDAQ:CPTN) with a Buy rating and $22 price target. 
  • The price target implies an upside of 29.6%.
  • The analyst contended a broad appetite for driver assistance and accident mitigation systems to improve road safety.
  • Galinko said that the company's LiDAR technology is the leading contender to improve on current approaches.
  • Price Action: CPTN shares traded higher by 17.6% at $16.94 on the last check Wednesday.
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