Luna Innovations Incorporated (LUNA)
NASDAQ: LUNA · IEX Real-Time Price · USD
3.365
+0.225 (7.17%)
At close: Mar 27, 2024, 4:00 PM
3.350
-0.015 (-0.45%)
Pre-market: Mar 28, 2024, 4:50 AM EDT

Luna Innovations Stock Forecast

Stock Price Forecast

The 4 analysts with 12-month price forecasts for Luna Innovations stock have an average target of 10, with a low estimate of 8.00 and a high estimate of 12.5. The average target predicts an increase of 197.18% from the current stock price of 3.37.

Analyst Consensus: Strong Buy
Target Low Average Median High
Price $8.00 $10 $11.5 $12.5
Change +137.74% +197.18% +241.75% +271.47%
* Price targets were last updated on Nov 16, 2023.

Analyst Ratings

The average analyst rating for LUNA stock from 4 stock analysts is "Strong Buy". This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.

Recommendation Trends

Rating Oct '23Nov '23Dec '23Jan '24Feb '24Mar '24
Strong Buy 333333
Buy 000000
Hold 111111
Sell 000000
Strong Sell 000000
Total 444444

Latest Forecasts

Analyst Firm Rating Rating Action Price Target Upside Date
Needham
Needham
Strong Buy
Maintains
$10$8
Strong Buy Maintains $10$8 +137.74% Nov 16, 2023
Northland Capital Markets
Northland Capital Markets
Hold
Maintains
$7$8
Hold Maintains $7$8 +137.74% Aug 11, 2023
B. Riley Securities
B. Riley Securities
Strong Buy
Maintains
$12$12
Strong Buy Maintains $12$12 +241.75% Aug 11, 2023
Needham
Needham
Strong Buy
Reiterates
$10
Strong Buy Reiterates $10 +197.18% Aug 11, 2023
Stifel
Stifel
Strong Buy
Initiates
$13
Strong Buy Initiates $13 +271.47% Jul 28, 2023
More Analyst Ratings

Financial Forecast

Revenue This Year
124.37M
from 109.50M
Increased by 13.58%
Revenue Next Year
173.37M
from 124.37M
Increased by 39.40%
EPS This Year
0.26
from 0.28
Decreased by -8.05%
EPS Next Year
0.34
from 0.26
Increased by 33.72%
Year 20182019202020212022202320242025
Revenue
42.92M70.52M59.12M87.51M109.50M124.37M173.37M193.36M
Revenue Growth
29.73%64.31%-16.17%48.04%25.12%13.58%39.40%11.53%
EPS
0.330.160.100.040.280.260.340.45
EPS Growth
-36.54%-51.52%-37.50%-60.00%600.00%-8.05%33.72%30.37%
No. Analysts -----774
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue 202320242025
High 129.2M 183.4M 199.1M
Avg 124.4M 173.4M 193.4M
Low 117.7M 161.9M 185.8M

Revenue Growth

Revenue Growth 202320242025
High
17.9%
47.5%
14.8%
Avg
13.6%
39.4%
11.5%
Low
7.5%
30.2%
7.2%

EPS Forecast

EPS 202320242025
High 0.28 0.38 0.46
Avg 0.26 0.34 0.45
Low 0.23 0.31 0.43

EPS Growth

EPS Growth 202320242025
High
1.3%
46.8%
34.2%
Avg
-8.1%
33.7%
30.4%
Low
-18.8%
19.9%
25.3%
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.