Luminar Technologies, Inc. (LAZR)
NASDAQ: LAZR · IEX Real-Time Price · USD
1.400
-0.010 (-0.71%)
At close: Jul 2, 2024, 4:00 PM
1.380
-0.020 (-1.43%)
After-hours: Jul 2, 2024, 7:59 PM EDT
Luminar Technologies Stock Forecast
Stock Price Forecast
The 6 analysts with 12-month price forecasts for LAZR stock have an average target of 4.45, with a low estimate of 1.20 and a high estimate of 9.00. The average target predicts an increase of 217.86% from the current stock price of 1.40.
Analyst Consensus: Hold
* Price targets were last updated on May 9, 2024.
Analyst Ratings
The average analyst rating for LAZR stock from 6 stock analysts is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.
Recommendation Trends
| Rating | Jan '24 | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 2 | 2 | 2 | 2 | 1 | 1 |
| Buy | 1 | 1 | 1 | 1 | 1 | 1 |
| Hold | 2 | 3 | 3 | 2 | 2 | 2 |
| Sell | 0 | 0 | 0 | 1 | 1 | 1 |
| Strong Sell | 1 | 1 | 1 | 1 | 1 | 1 |
| Total | 6 | 7 | 7 | 7 | 6 | 6 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Citigroup | Citigroup | Strong Buy Maintains $11 → $9 | Strong Buy | Maintains | $11 → $9 | +542.86% | May 9, 2024 |
| B of A Securities | B of A Securities | Hold → Sell Downgrades $3.5 → $1.2 | Hold → Sell | Downgrades | $3.5 → $1.2 | -14.29% | Apr 10, 2024 |
| JP Morgan | JP Morgan | Buy Initiates $20 → $8 | Buy | Initiates | $20 → $8 | +471.43% | Mar 26, 2024 |
| B of A Securities | B of A Securities | Hold Maintains $4 → $3.5 | Hold | Maintains | $4 → $3.5 | +150.00% | Feb 29, 2024 |
| Goldman Sachs | Goldman Sachs | Strong Sell Maintains $2 → $1.5 | Strong Sell | Maintains | $2 → $1.5 | +7.14% | Feb 29, 2024 |
Financial Forecast
Revenue This Year
109.16M
from 69.78M
Increased by 56.44%
Revenue Next Year
239.68M
from 109.16M
Increased by 119.57%
EPS This Year
-0.68
from -1.47
EPS Next Year
-0.50
from -0.68
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 120.3M | 315.0M | 924.0M | 1.8B | 2.6B |
| Avg | 109.2M | 239.7M | 563.4M | 1.3B | 1.9B |
| Low | 97.6M | 185.2M | 334.1M | 692.9M | 1.2B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 72.3% | 188.6% | 285.5% | 224.3% | 105.1% |
| Avg | 56.4% | 119.6% | 135.1% | 126.3% | 50.3% |
| Low | 39.8% | 69.7% | 39.4% | 23.0% | -2.7% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | -0.63 | -0.32 | -0.05 | 1.06 | 1.60 |
| Avg | -0.68 | -0.50 | -0.28 | 0.64 | 1.55 |
| Low | -0.71 | -0.69 | -0.44 | 0.25 | 1.49 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | - | - | - | - | 148.4% |
| Avg | - | - | - | - | 141.3% |
| Low | - | - | - | - | 131.8% |
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.