Northland Capital Markets Upgrades Luminar Technologies (LAZR) to Outperform
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Northland Capital Markets analyst Gus Richard upgraded Luminar Technologies (NASDAQ: LAZR) from Market Perform to Outperform with a price target of $38.00.
The analyst comments "Yesterday LAZR announced a full-stack software solution through its partnership with Zenseact a wholly own subsidiary of Volvo. Zenseact is supplying Volvo and Luminar will be the supplier for other auto OEMs. We believe this enhances the value of LAZR as most OEMs do not have the wear with all to develop a full-stack software capability for hands-free highways. We upgrade to OP and maintain a PT of $38."
Shares of Luminar Technologies closed at $25.10 yesterday.
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