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Luminar Technologies (LAZR) Receives a Hold from Berenberg Bank

In a report issued on May 10, Michael Filatov from Berenberg Bank maintained a Hold rating on Luminar Technologies (LAZRResearch Report), with a price target of $10.00. The company’s shares closed last Thursday at $8.90, close to its 52-week low of $8.46.

According to TipRanks.com, Filatov ‘s ranking currently consits of 0 on a 0-5 ranking scale, with an average return of -26.4% and a 25.0% success rate. Filatov covers the Industrial Goods sector, focusing on stocks such as Innoviz Technologies, Visteon, and Aptiv.

Currently, the analyst consensus on Luminar Technologies is a Moderate Buy with an average price target of $23.56, representing a 185.2% upside. In a report issued on May 6, Craig-Hallum also maintained a Hold rating on the stock with a $12.00 price target.

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The company has a one-year high of $26.39 and a one-year low of $8.46. Currently, Luminar Technologies has an average volume of 4.62M.

Based on the recent corporate insider activity of 49 insiders, corporate insider sentiment is neutral on the stock.

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Gores Metropoulos, Inc. operates as a blank check company, which engages in the provision of merger, capital stock exchange, asset acquisition, stock purchase, reorganization and similar business combination with one or more businesses. The company was founded on August 28, 2018 and is headquartered in Beverly Hills, CA.

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