Luminar Technologies (LAZR) Stock Forecast & Price Target

$0.80

-0.10 (-11.11%)

(As of 09/6/2024 ET)

Luminar Technologies - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Hold
Based on 7 Analyst Ratings

Based on 7 Wall Street analysts who have issued ratings for Luminar Technologies in the last 12 months, the stock has a consensus rating of "Hold." Out of the 7 analysts, 2 have given a sell rating, 2 have given a hold rating, and 3 have given a buy rating for LAZR.

Consensus Price Target

$4.17
421.43% Upside

High Forecast	$9.00
Average Forecast	$4.17
Low Forecast	$1.00

According to the 7 analysts' twelve-month price targets for Luminar Technologies, the average price target is $4.17. The highest price target for LAZR is $9.00, while the lowest price target for LAZR is $1.00. The average price target represents a forecasted upside of 421.43% from the current price of $0.80.

Type	Current Forecast 9/8/23 to 9/7/24	1 Month Ago 8/9/23 to 8/8/24	3 Months Ago 6/10/23 to 6/9/24	1 Year Ago 9/8/22 to 9/8/23
Consensus Rating	Hold	Hold	Hold	Moderate Buy
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	3 Buy rating(s)	3 Buy rating(s)	2 Buy rating(s)	5 Buy rating(s)
Hold	2 Hold rating(s)	2 Hold rating(s)	2 Hold rating(s)	2 Hold rating(s)
Sell	2 Sell rating(s)	2 Sell rating(s)	2 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	$4.17	$4.89	$4.45	$11.94
Forecasted Upside	421.43% Upside	180.90% Upside	114.46% Upside	65.40% Upside

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LAZR Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

LAZR Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Luminar Technologies Stock vs. The Competition

Type	Luminar Technologies	Auto/Tires/Trucks Companies	S&P 500
Consensus Rating Score	2.14	2.49	2.51
Consensus Rating	Hold	Hold	Moderate Buy
Predicted Upside	421.43% Upside	192.48% Upside	11.36% Upside
News Sentiment Rating	Positive News	Neutral News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
8/19/2024	JPMorgan Chase & Co. 3 of 5 stars		Lower Target	Overweight ➝ Overweight	$8.00 ➝ $6.00	+497.01%
8/16/2024	Citigroup 3 of 5 stars		Lower Target	Buy ➝ Buy	$9.00 ➝ $6.00	+537.88%
8/7/2024	Rosenblatt Securities 3 of 5 stars		Lower Target	Neutral ➝ Neutral	$3.00 ➝ $2.00	+42.35%
8/6/2024	Westpark Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating	K. Garrigan Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Buy ➝ Buy	$9.00 ➝ $9.00	+571.64%
7/11/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Sell ➝ Sell	$1.50 ➝ $1.00	-40.48%
4/10/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Neutral ➝ Underperform	$3.50 ➝ $1.20	-37.50%
Get the Latest News and Ratings for LAZR and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Luminar Technologies and its competitors with MarketBeat's FREE daily newsletter.
1/17/2024	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Hold	$11.00 ➝ $4.00	+69.13%
5/10/2023	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform	$12.00 ➝ $10.00	+66.39%
4/25/2023	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Buy	$12.00	+113.90%
9/22/2022	Northland Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Outperform ➝ Market Perform	$13.00 ➝ $10.00	+6.72%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Sunday at 12:00 AM ET.

LAZR Forecast - Frequently Asked Questions

What is Luminar Technologies' forecast for 2024?: According to the research reports of 7 Wall Street equities research analysts, the average twelve-month stock price forecast for Luminar Technologies is $4.17, with a high forecast of $9.00 and a low forecast of $1.00.
Should I buy or sell Luminar Technologies stock right now?: 7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Luminar Technologies in the last twelve months. There are currently 2 sell ratings, 2 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" LAZR shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in LAZR, but not buy additional shares or sell existing shares.
Does Luminar Technologies's stock price have much upside?: According to analysts, Luminar Technologies's stock has a predicted upside of 174.03% based on their 12-month stock forecasts.
What analysts cover Luminar Technologies?: Luminar Technologies has been rated by research analysts at Citigroup, JPMorgan Chase & Co., Rosenblatt Securities, The Goldman Sachs Group, and Westpark Capital in the past 90 days.
Do Wall Street analysts like Luminar Technologies more than its competitors?: Analysts like Luminar Technologies less than other "auto/tires/trucks" companies. The consensus rating score for Luminar Technologies is 2.14 while the average consensus rating score for "auto/tires/trucks" companies is 2.49. Learn more on how LAZR compares to other companies.