Yesterday, Luminar Technologies (NASDAQ:LAZR) unveiled a new full-stack software solution in partnership with Volvo subsidiary Zenseact. The solution will be available to Volvo through Zenseact and to other automakers through Luminar.
The new product prompts Northland Securities analyst Gus Richard to upgrade Luminar from Market Perform to Outperform while maintaining a $38 price target.
Richard: "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."
LAZR shares are up slightly pre-market at $26.30.
Luminar shares surged yesterday after the full-stack solution was announced.
Late last year, analyst Gus Richard forecast that the automotive lidar market could reach $2.5B by 2025.
Now read: Coherent selects II-VI's revised bid, gives Lumentum deadline to raise offer
KEEP IT SIMPLE, PATIENCE and TOLERANCE brings PEACE and SERENITY !!!
Recent LAZR News
- Form DEFA14A - Additional definitive proxy soliciting materials and Rule 14(a)(12) material • Edgar (US Regulatory) • 09/16/2024 09:11:12 PM
- Form DEF 14A - Other definitive proxy statements • Edgar (US Regulatory) • 09/16/2024 09:10:22 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/06/2024 11:52:22 PM
- Form PRE 14A - Other preliminary proxy statements • Edgar (US Regulatory) • 09/06/2024 08:15:09 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/30/2024 08:34:54 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/08/2024 09:19:45 PM
- Form 424B5 - Prospectus [Rule 424(b)(5)] • Edgar (US Regulatory) • 08/08/2024 09:02:40 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/06/2024 08:12:32 PM
- Luminar Bolsters Balance Sheet & Reports Second Quarter 2024 Business Update • Business Wire • 08/06/2024 08:00:00 PM
- Luminar to Provide Q2’24 Business Update on August 6, 2024 • Business Wire • 07/10/2024 08:15:00 PM
- Luminar Launches Sentinel Software for Automakers • Business Wire • 07/03/2024 11:00:00 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/07/2024 10:08:28 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/07/2024 10:07:58 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/07/2024 10:04:32 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/07/2024 10:02:57 PM
- Form S-8 - Securities to be offered to employees in employee benefit plans • Edgar (US Regulatory) • 06/07/2024 08:26:21 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 06/07/2024 08:17:41 PM
- Form SD - Specialized disclosure report • Edgar (US Regulatory) • 05/31/2024 08:08:44 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 05/10/2024 11:11:47 AM
- Luminar Reports First Quarter 2024 Business Update and Financials • Business Wire • 05/07/2024 08:10:00 PM
- Perficient Stock Soars 52.9% Post-Acquisition; Luminar Declines 10% Amid Workforce Cutbacks, and Other News • IH Market News • 05/06/2024 12:09:00 PM
- Luminar Day: A New Era – Luminar Achieves Global Start of Production for Volvo Cars • Business Wire • 04/23/2024 06:00:00 PM
- Applied Intuition and Luminar Partner to Accelerate ADAS and AD Development for Automakers • Business Wire • 04/23/2024 06:00:00 PM
- Luminar to Report Q1’24 Financial Results on May 7, 2024 • Business Wire • 04/15/2024 01:00:00 PM
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM
Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • ELMGF • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM