Luminar Technologies, Inc. (LAZR)
NASDAQ: LAZR · Real-Time Price · USD
8.01
-0.45 (-5.27%)
Dec 3, 2024, 12:54 PM EST - Market open
Luminar Technologies Stock Forecast
LAZR's stock price has decreased by -78.24% in the past year and price targets may not have had time to catch up.
Stock Price Forecast
The 9 analysts with 12-month price forecasts for LAZR stock have an average target of 44.5, with a low estimate of 7.50 and a high estimate of 90. The average target predicts an increase of 455.90% from the current stock price of 8.01.
Analyst Consensus: Hold
Analyst Ratings
The average analyst rating for LAZR stock from 9 stock analysts is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.
Recommendation Trends
| Rating | Jun '24 | Jul '24 | Aug '24 | Sep '24 | Oct '24 | Nov '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 1 | 1 | 2 | 2 | 2 | 2 |
| Buy | 1 | 1 | 1 | 1 | 1 | 1 |
| Hold | 2 | 2 | 2 | 3 | 3 | 4 |
| Sell | 1 | 1 | 1 | 1 | 1 | 1 |
| Strong Sell | 1 | 1 | 1 | 1 | 1 | 1 |
| Total | 6 | 6 | 7 | 8 | 8 | 9 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Goldman Sachs | Goldman Sachs | Strong Sell Maintains $11 → $7.5 | Strong Sell | Maintains | $11 → $7.5 | -6.31% | Nov 14, 2024 |
| Craig-Hallum | Craig-Hallum | Hold Maintains $23 → $15 | Hold | Maintains | $23 → $15 | +87.38% | Nov 12, 2024 |
| Rosenblatt | Rosenblatt | Hold Maintains $30 | Hold | Maintains | $30 | +274.77% | Oct 2, 2024 |
| Deutsche Bank | Deutsche Bank | Hold Initiates $15 | Hold | Initiates | $15 | +87.38% | Sep 10, 2024 |
| JP Morgan | JP Morgan | Buy Maintains $120 → $90 | Buy | Maintains | $120 → $90 | +1,024.30% | Aug 19, 2024 |
Financial Forecast
Revenue This Year
71.67M
from 69.78M
Increased by 2.70%
Revenue Next Year
117.90M
from 71.67M
Increased by 64.52%
EPS This Year
-10.15
from -22.05
EPS Next Year
-5.72
from -10.15
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|---|
| High | 75.9M | 154.4M | 291.9M | |||
| Avg | 71.7M | 117.9M | 253.7M | |||
| Low | 67.5M | 87.2M | 215.1M |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|---|
| High | 8.8% | 115.4% | 147.6% | |||
| Avg | 2.7% | 64.5% | 115.2% | |||
| Low | -3.2% | 21.7% | 82.5% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|---|
| High | -9.92 | -0.53 | -2.99 | |||
| Avg | -10.15 | -5.72 | -4.54 | |||
| Low | -10.29 | -7.50 | -6.75 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|---|
| High | - | - | - | |||
| Avg | - | - | - | |||
| Low | - | - | - |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.