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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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