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Friday, November 19, 2021 12:27:23 AM
Guggenheim keeps a constructive view on AEye (NASDAQ:LIDR) after taking in the company's Q3 earnings report.
Analyst Joseph Osha notes that AEye continues to make progress in building out partnerships and customers, most notably with Continental.
"While volume production isn’t going to kick in until 2024, the Continental relationship continues to be an important validation of LIDR's technological viability. We also believe that the licensing approach in automotive is likely to end up being the right way forward, as opposed to attempting a higher level of vertical integration."
AEye is seen being on track to hit its financial targets.
Guggenheim reiterates a Buy rating on LIDR and assigns a price target of $14.
Shares of LIDR are down 13.19% following the earnings update and stand below the 50-day, 100-day and 200-day moving averages.
https://seekingalpha.com/news/3769995-aeye-is-defended-at-guggenheim-for-long-term-potential-after-earnings-stumble
Recent LIDR News
- AEye to Report Second Quarter 2024 Financial Results on Monday, August 5 • Business Wire • 07/17/2024 12:15:00 PM
- AEye CEO Matt Fisch to Keynote at Auto Lidar Tech Conference in Suzhou, China • Business Wire • 05/30/2024 08:05:00 PM
- AEye Reports First Quarter 2024 Results • Business Wire • 05/14/2024 08:10:00 PM
- AEye, Accelight Technologies, and LighTekton Co. Announce Partnership to Bring Lidar Solutions to China • Business Wire • 05/14/2024 08:05:00 PM
- AEye Announces Partnership with Leading Automotive Electronics and Vision Solutions Provider, LITEON • Business Wire • 05/09/2024 09:00:00 PM
- AEye to Report First Quarter 2024 Financial Results on Tuesday, May 14 • Business Wire • 04/23/2024 12:15:00 PM
- AEye Reports Fourth Quarter 2023 Results • Business Wire • 03/26/2024 08:05:00 PM
- AEye Introduces Apollo – the First Product in the 4Sight Flex Family • Business Wire • 03/26/2024 08:01:00 PM
- AEye to Report Fourth Quarter 2023 Financial Results on Tuesday, March 26 • Business Wire • 03/13/2024 12:15:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/16/2024 09:22:33 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/16/2024 09:18:50 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/17/2024 11:44:14 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/03/2024 09:50:47 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 12/29/2023 09:06:09 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 12/22/2023 01:30:58 PM
- AEye Announces Reverse Stock Split to Ensure Nasdaq Minimum Bid Price Compliance • Business Wire • 12/22/2023 01:30:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 12/18/2023 09:12:53 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 12/18/2023 09:09:20 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 12/13/2023 10:24:30 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 12/01/2023 11:07:26 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 12/01/2023 09:29:23 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 11/30/2023 09:33:16 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 11/29/2023 10:54:15 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 11/29/2023 09:32:46 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 11/28/2023 09:35:01 PM
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