Luna in the Spotlight: Analyst Initiates Coverage with High Hopes for Revenue and EPS Growth
Portfolio Pulse from Lekha Gupta
Needham analyst Alex Henderson initiated coverage on Luna Innovations Inc (NASDAQ:LUNA) with a Buy rating and a $10 price target. Henderson cites LUNA's focus on fiber technology diagnostics, collaborations with Lockheed Martin, Airbus, and Intuitive Surgical, and growth in EV battery products as reasons for optimism.
May 22, 2023 | 7:09 pm
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Needham analyst Alex Henderson initiated coverage on Luna Innovations with a Buy rating and a $10 price target, citing growth in diagnostics, collaborations, and EV battery products.
The Buy rating and $10 price target from Needham analyst Alex Henderson are based on LUNA's growth in diagnostics, collaborations with major companies, and expansion in EV battery products. This positive outlook is likely to have a short-term positive impact on LUNA's stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100