Luminar Technologies, Inc. (LAZR)
NASDAQ: LAZR · IEX Real-Time Price · USD
1.295
+0.035 (2.78%)
Apr 19, 2024, 3:57 PM EDT - Market open
Luminar Technologies Stock Forecast
LAZR's stock price has decreased by -78.36% in the past year and price targets may not have had time to catch up.
Stock Price Forecast
The 7 analysts with 12-month price forecasts for LAZR stock have an average target of 6.67, with a low estimate of 1.20 and a high estimate of 17. The average target predicts an increase of 415.06% from the current stock price of 1.30.
Analyst Consensus: Hold
Analyst Ratings
The average analyst rating for LAZR stock from 7 stock analysts is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.
Recommendation Trends
| Rating | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 2 | 2 | 2 | 2 | 2 | 2 |
| Buy | 1 | 1 | 1 | 1 | 1 | 1 |
| Hold | 1 | 1 | 2 | 3 | 3 | 2 |
| Sell | 0 | 0 | 0 | 0 | 0 | 1 |
| Strong Sell | 1 | 1 | 1 | 1 | 1 | 1 |
| Total | 5 | 5 | 6 | 7 | 7 | 7 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| B of A Securities | B of A Securities | Hold → Sell Downgrades $3.5 → $1.2 | Hold → Sell | Downgrades | $3.5 → $1.2 | -7.34% | Apr 10, 2024 |
| JP Morgan | JP Morgan | Buy Initiates $20 → $8 | Buy | Initiates | $20 → $8 | +517.76% | Mar 26, 2024 |
| B of A Securities | B of A Securities | Hold Maintains $4 → $3.5 | Hold | Maintains | $4 → $3.5 | +170.27% | Feb 29, 2024 |
| Goldman Sachs | Goldman Sachs | Strong Sell Maintains $2 → $1.5 | Strong Sell | Maintains | $2 → $1.5 | +15.83% | Feb 29, 2024 |
| Rosenblatt | Rosenblatt | Hold Maintains $5 → $3 | Hold | Maintains | $5 → $3 | +131.66% | Feb 28, 2024 |
Financial Forecast
Revenue This Year
117.25M
from 69.78M
Increased by 68.03%
Revenue Next Year
281.21M
from 117.25M
Increased by 139.84%
EPS This Year
-0.67
from -1.47
EPS Next Year
-0.52
from -0.67
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 139.0M | 374.4M | 966.0M | 2.3B | 3.1B |
| Avg | 117.3M | 281.2M | 585.8M | 1.8B | 2.7B |
| Low | 106.4M | 220.8M | 404.4M | 1.3B | 2.2B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 99.2% | 219.3% | 243.5% | 287.2% | 71.9% |
| Avg | 68.0% | 139.8% | 108.3% | 210.7% | 50.5% |
| Low | 52.4% | 88.3% | 43.8% | 122.3% | 22.9% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | -0.65 | -0.42 | -0.05 | 1.35 | 1.92 |
| Avg | -0.67 | -0.52 | -0.24 | 0.72 | 1.26 |
| Low | -0.72 | -0.63 | -0.34 | 0.13 | 0.63 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | - | - | - | - | 165.3% |
| Avg | - | - | - | - | 73.9% |
| Low | - | - | - | - | -13.4% |
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.