Goldman Sachs Maintains Sell on Luminar Technologies, Lowers Price Target to $2
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Mark Delaney has reiterated a Sell rating on Luminar Technologies (NASDAQ:LAZR) and reduced the price target from $3 to $2.
January 25, 2024 | 2:12 pm
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Goldman Sachs has maintained a Sell rating on Luminar Technologies and lowered the price target from $3 to $2, indicating a bearish outlook.
The reduction in price target by a major financial institution like Goldman Sachs suggests a negative outlook on the stock's value, which could lead to a decrease in investor confidence and a potential drop in the stock price in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100