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Luminar Technologies

LAZR · NASDAQ

$36.76−$0.41 (−1.10%)TodayMarket closed ·
Prev close $37.17

LAZR analyst rating

SellConsensus of 1 analyst over the last 12 months. 0% rate it a buy.
  • Strong buy0
  • Buy0
  • Hold0
  • Underperform1
  • Sell0

12-month price target · 3 analysts

Average $1.02 (−97.2% downside)

Low
$1.01
Now
$36.76
High
$1.05

Upgrades and downgrades

The latest rating actions, newest first

LAZR analyst upgrades, downgrades and rating actions
FirmDateActionRating
JP MorganNov 3, 2025DowngradeNeutral → Underweight

The case for and against

Updated Jan 22, 2025

Bull case

Luminar Technologies Inc is experiencing a positive outlook due to its shift in guidance indicating a move toward a stronger revenue run-rate by FY25, supported by significant production wins with major clients like Volvo, Mercedes, and SAIC. The company's improved cash and liquidity position, surpassing $240 million, along with a successful restructuring to reduce total convertible debt and raise new capital, has fortified its balance sheet. Additionally, Luminar's strategic initiatives to streamline operations and achieve annual savings of $80 million while continuing to progress with its Iris platform and increasing manufacturing efficiency are likely to enhance its future growth potential.

Bear case

Luminar Technologies Inc. reported a Q2 FY24 revenue of $16.5 million, which reflected a decline of 22% quarter-over-quarter and only a marginal increase of 2% year-over-year, falling short of analysts' expectations. The revenue drop is attributed to insufficient series production sensor sales, challenges in negotiating non-series production contracts, and increased engineering costs, leading to downward revisions in net income and EPS estimates for FY24 and FY25. Additionally, the transition from prototype to series production is expected to further pressure financial performance, as lower average selling prices (ASPs) will contribute to increased gross losses in the upcoming quarters.

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