Goldman Sachs analyst Mark Delaney maintained a Sell rating on Luminar Technologies (LAZR – Research Report) today. The company’s shares closed today at $2.38.
According to TipRanks, Delaney is a 5-star analyst with an average return of 16.6% and a 61.57% success rate. Delaney covers the Consumer Cyclical sector, focusing on stocks such as Rivian Automotive, Tesla, and General Motors.
Currently, the analyst consensus on Luminar Technologies is a Hold with an average price target of $6.17.
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Based on Luminar Technologies’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $16.96 million and a GAAP net loss of $134.34 million. In comparison, last year the company earned a revenue of $12.79 million and had a GAAP net loss of $117.55 million
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Luminar Technologies (LAZR) Company Description:
Luminar is an automotive technology company providing LiDAR hardware and software products to enable vehicle safety and autonomy. The company, through its Autonomy Solutions segment, manufactures and distributes LiDAR sensors. Further, Luminar’s Advanced Technologies and Services division develops application-specific integrated circuits, advanced lasers, and pixel-based sensors.
Read More on LAZR:
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- Luminar reports Q4 EPS (36c), consensus (19c)
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- LAZR Earnings Report this Week: Is It a Buy, Ahead of Earnings?
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