Analyst Expectations for Luminar Technologies's Future
Portfolio Pulse from Benzinga Insights
Luminar Technologies (NASDAQ:LAZR) has received mixed analyst ratings in the last quarter, with 1 bullish and 3 bearish ratings. The average 12-month price target among 4 analysts is $6.62, with a high of $17.00 and a low of $3.00. This target is a 10.3% decrease from the previous target of $7.38. Analyst ratings are based on financial statements, company calls, and insider information, but are subject to human error.
November 10, 2023 | 6:00 pm
News sentiment analysis
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NEGATIVE IMPACT
Luminar Technologies has a current average analyst price target of $6.62, which is a 10.3% decrease from the previous target. The stock has received more bearish than bullish ratings in the last quarter.
The decrease in the average price target and the predominance of bearish ratings over bullish ones suggest a negative sentiment among analysts, which could lead to a short-term negative impact on LAZR's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100