Velodyne Lidar, Inc. (VLDR) Misses Q3 EPS by 5c

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Velodyne Lidar, Inc. (VLDR) PT Lowered to $7.50 at Needham & Company

November 5, 2021 6:58 AM EDT

Needham & Company analyst Rajvindra Gill lowered the price target on Velodyne Lidar, Inc. (NASDAQ: VLDR) to $7.50 (from $11.00) while maintaining a Buy rating.

The analyst commented, "Velodyne reported a lower than expected top line ($13.1MM vs. our estimates of $17.1MM) citing push-out of... More