Goldman Sachs Maintains Sell on Luminar Technologies, Lowers Price Target to $1.5
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Mark Delaney has maintained a Sell rating on Luminar Technologies (NASDAQ:LAZR) and lowered the price target from $2 to $1.5.
February 29, 2024 | 3:03 pm
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NEGATIVE IMPACT
Goldman Sachs maintains a Sell rating on Luminar Technologies and reduces the price target from $2 to $1.5.
The reduction in price target by a significant financial institution like Goldman Sachs, combined with the maintenance of a Sell rating, suggests a negative outlook for Luminar Technologies in the short term. This could lead to a decrease in investor confidence and potentially lower stock prices.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100