Rosenblatt Maintains Neutral on Luminar Technologies, Lowers Price Target to $3
Portfolio Pulse from Benzinga Newsdesk
Rosenblatt analyst Kevin Cassidy has maintained a Neutral rating on Luminar Technologies (NASDAQ:LAZR) but has lowered the price target from $5 to $3.
February 28, 2024 | 8:46 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Rosenblatt has maintained a Neutral rating on Luminar Technologies but lowered the price target from $5 to $3.
The reduction in price target by Rosenblatt from $5 to $3, while maintaining a Neutral stance, suggests a bearish outlook on the stock's short-term price potential. This adjustment could lead to a negative perception among investors, potentially causing a short-term decrease in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100