Close

Goldman Sachs Downgrades Luminar Technologies (LAZR) to Sell

Go back to Goldman Sachs Downgrades Luminar Technologies (LAZR) to Sell

Luminar Technologies (LAZR) cut at Goldman Sachs on margin headwinds

March 22, 2023 9:43 AM EDT

Goldman Sachs downgraded Luminar Technologies (NASDAQ: LAZR) to Sell from Neutral with a price target of $5 per share in a note Wednesday.

Analyst Mark Delaney wrote that the cut was based on margin headwinds and the stock's premium valuation.... More