Luminar Technologies shares are trading lower after the company reported worse-than-expected Q2 sales results. Also, Rosenblatt maintained a Neutral rating on the stock and lowered its price target from $3 to $2.
Portfolio Pulse from Benzinga Newsdesk
Luminar Technologies shares are trading lower after the company reported worse-than-expected Q2 sales results. Additionally, Rosenblatt maintained a Neutral rating on the stock and lowered its price target from $3 to $2.
August 07, 2024 | 12:25 pm
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Luminar Technologies shares are trading lower due to worse-than-expected Q2 sales results. Rosenblatt maintained a Neutral rating and lowered its price target from $3 to $2.
The disappointing Q2 sales results directly impact investor sentiment negatively. Additionally, the lowered price target from Rosenblatt reinforces the bearish outlook, contributing to the stock's decline.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100