Here is the new 12-month forecast for Luminar Technologies Inc($LAZR)

Market Data

LAZR is a stock of interest due to the large impact the company has on the market. Here at Wall Street Facts we only cover the best stocks so make sure you check out our other articles. Today we will be diving deep into all of the essential information you need to know about LAZR. We will be studying the movement so you can make the best decision as an investor. The stock has moved $-0.0100000000000016 from yesterday’s closing price of $20.51. The high for today is $20.92 and the low for today is $19.77. Let’s learn more about the company and then get into the forecast.

Company Description

Luminar Technologies, Inc. is an autonomous vehicle sensor and Lidar technology company, which designs, builds, and sells long-range lidar products that address the requirements of global automotive OEMs and technology companies for autonomous driving. It operates through the following segments: Autonomy Solutions and Other Component Sales. The Autonomy Solutions segment engages in design, manufacturing and sale of lidar sensors, as well as related perception and autonomy enabling software solutions catering mainly to the original equipment manufacturers in the automobile, commercial vehicle, robo-taxi and adjacent industries. The Other Component Sales provides designing, testing, and consulting services for non-standard integrated circuits to U.S. customers, including government agencies and defense contractors generally for purposes unrelated to autonomous vehicles The company was founded by Austin Russell and Jason Eichenholz in 2012 and is headquartered in Orlando, FL.

Stock Forecast

As an investor, you can get an idea of where the stock is trending by the forecast. In this case, LAZR is projected to have a price of $42.84 in one year which is a 208.975609756098% change. They have a strong market cap of $7184.53 and a very bright future ahead of them. Make sure to subscribe to our newsletter to never miss an update!”

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