The stock also remains one of the few pure-play options in the self-driving market.

Although none of these developments directly impact Luminar, the company is seen as a technology leader for lidar in mass-market vehicles and does stand to benefit as EVs and self-driving vehicles continue to gain traction. The minimum target price for Luminar Technologies analysts is 11.32. Luminar Technologies stock forecasts are adjusted once a day based on the closing price of the previous trading day. Their LAZR share price forecasts range from 4.50 to 20.00. Apple is also rumored to be developing its own electric car, and there have been reports that it held meetings with EV startup Canoo (NASDAQ: GOEV) in this regard. The Luminar Technologies stock prediction results are shown below and presented as a graph, table and text information. 8 equities research analysts have issued twelve-month target prices for Luminar Technologies stock. Separately, Chinese e-commerce titan Alibaba unveiled an electric sedan under a new brand in collaboration with state-owned SAIC Motor. For instance, there is increasing enthusiasm surrounding legacy automaker General Motors’ EV plans, as the company formed a new business unit to sell electric vans and also saw Microsoft make an investment into Cruise, its autonomous-car division. Oddly, the company sold at least 550 million worth of convertible debt to fund the buybacks. While there hasn’t been too much news specific to the company in recent weeks, the electric vehicle industry, which is leading the self-driving revolution, has seen a lot of buzz. Luminar announced plans to repurchase 250 million worth of stock along with planned insider purchases. S&P 500 1.9 Outperformed market (8 event probability) Velodyne stock rose 12 over a five-day trading period ending, compared to the broader market (S&P500. Luminar Technologies (NASDAQ: LAZR), a company that specializes in lidar technology used in self-driving vehicles, has seen its stock rally by about 15% since early January.

Luminar stock