Citigroup Maintains Buy on Luminar Technologies, Lowers Price Target to $6
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Itay Michaeli maintains a Buy rating on Luminar Technologies (NASDAQ:LAZR) but lowers the price target from $9 to $6.

August 16, 2024 | 12:52 pm
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Citigroup analyst Itay Michaeli maintains a Buy rating on Luminar Technologies but lowers the price target from $9 to $6.
The maintained Buy rating suggests continued confidence in Luminar Technologies' long-term prospects. However, the lowered price target indicates some short-term challenges or adjustments in valuation expectations. This mixed signal is likely to result in a neutral short-term impact on the stock price.
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IMPORTANCE 70
RELEVANCE 100