AEye Inc (LIDR)

[WeTheMarket]

AEye Stock Popped As Roth Capital Sees 257% Upside
October 25, 2021 4:37pm, Lahiri , Benzinga Staff Writer
https://www.benzinga.com/news/21/10/23532324/aeye-stock-popped-as-roth-capital-sees-257-upside

Summary
- Roth Capital analyst Suji Desilva initiated coverage of AEye Inc LIDR with a Buy rating and $15 price target, implying a 257% upside.
- The analyst notes that AEye recently came public through a merger with special purpose acquisition company CF Finance Acquisition Corp. III that was announced in February 2021 and subsequently closed in August 2021.
- Desilva expects AEye's advanced iDAR platform to gain traction in higher-order L3/L4/L5 ADAS/AV auto models, emphasizing more sophisticated highway driving safety.
- Further, he believes a significant advantage of AEye's business model is using a high margin licensing/royalty-based revenue model with potential for gross margins of 80%-plus at scale.
- The analyst also thinks AEye has secured a Tier-1 automotive partnership with Continental affirming, in his view, the strength of the company's lidar technology platform.