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Luminar Technologies (LAZR) Stock Forecast & Price Target

Luminar Technologies logo
$5.18 +0.14 (+2.78%)
(As of 12/24/2024 05:19 PM ET)

Luminar Technologies - Analysts' Recommendations and Stock Price Forecast (2025)

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

Sell
2
Hold
3
Buy
3

Based on 8 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 8 analysts, 2 have given a sell rating, 3 have given a hold rating, and 3 have given a buy rating for LAZR.

Consensus Price Target

$50.06
866.46% Upside
According to the 8 analysts' twelve-month price targets for Luminar Technologies, the average price target is $50.06. The highest price target for LAZR is $135.00, while the lowest price target for LAZR is $7.50. The average price target represents a forecasted upside of 866.46% from the current price of $5.18.
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LAZR Analyst Ratings Over Time

TypeCurrent Forecast
12/26/23 to 12/25/24
1 Month Ago
11/26/23 to 11/25/24
3 Months Ago
9/27/23 to 9/26/24
1 Year Ago
12/26/22 to 12/26/23
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)
3 Buy rating(s)
4 Buy rating(s)
Hold
3 Hold rating(s)
3 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$50.06$50.06$56.14$175.71
Forecasted Upside866.46% Upside421.48% Upside307.59% Upside225.40% Upside
Consensus Rating
Hold
Hold
Hold
Hold

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.
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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.
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Luminar Technologies Stock vs. The Competition

TypeLuminar TechnologiesAuto/Tires/Trucks CompaniesS&P 500
Consensus Rating Score
2.13
2.50
2.51
Consensus RatingHoldHoldModerate Buy
Predicted Upside866.46% Upside235.11% Upside13.49% Upside
News Sentiment Rating
Positive News

See Recent LAZR News
Neutral News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
11/14/2024The Goldman Sachs Group
3 of 5 stars
 Lower TargetSell ➝ Sell$11.25 ➝ $7.50-52.61%
11/12/2024Craig Hallum
3 of 5 stars
 Lower TargetHold ➝ Hold$22.50 ➝ $15.00-8.26%
10/2/2024Rosenblatt Securities
3 of 5 stars
 Reiterated RatingNeutral ➝ Neutral$30.00 ➝ $30.00+142.37%
9/10/2024Deutsche Bank Aktiengesellschaft
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 Reiterated RatingHold$15.00+22.34%
8/19/2024JPMorgan Chase & Co.
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 Lower TargetOverweight ➝ Overweight$120.00 ➝ $90.00+497.01%
8/16/2024Citigroup
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 Lower TargetBuy ➝ Buy$135.00 ➝ $90.00+537.89%
8/6/2024Westpark Capital
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K. Garrigan
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Reiterated RatingBuy ➝ Buy$135.00 ➝ $135.00+571.64%
4/10/2024Bank of America
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 Reiterated RatingNeutral ➝ Underperform$52.50 ➝ $18.00-37.50%
5/10/2023TD Cowen
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 Lower TargetOutperform$180.00 ➝ $150.00+66.39%
4/25/2023Jefferies Financial Group
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 Initiated CoverageBuy$180.00+113.90%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Wednesday at 01:33 PM ET.


LAZR Forecast - Frequently Asked Questions

According to the research reports of 8 Wall Street equities research analysts, the average twelve-month stock price forecast for Luminar Technologies is $50.06, with a high forecast of $135.00 and a low forecast of $7.50.

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Luminar Technologies in the last twelve months. There are currently 2 sell ratings, 3 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.

According to analysts, Luminar Technologies's stock has a predicted upside of 866.46% based on their 12-month stock forecasts.

Luminar Technologies has been rated by research analysts at Craig Hallum, Rosenblatt Securities, and The Goldman Sachs Group in the past 90 days.

Analysts like Luminar Technologies less than other "auto/tires/trucks" companies. The consensus rating score for Luminar Technologies is 2.13 while the average consensus rating score for "auto/tires/trucks" companies is 2.50. Learn more on how LAZR compares to other companies.


This page (NASDAQ:LAZR) was last updated on 12/25/2024 by MarketBeat.com Staff
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