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Goldman Sachs Sticks to Their Hold Rating for Luminar Technologies (LAZR)

In a report released today, Mark Delaney from Goldman Sachs maintained a Hold rating on Luminar Technologies (LAZRResearch Report), with a price target of $9.00. The company’s shares closed last Tuesday at $10.34, close to its 52-week low of $8.00.

According to TipRanks.com, Delaney is a 4-star analyst with an average return of 9.5% and a 55.3% success rate. Delaney covers the Technology sector, focusing on stocks such as Aurora Innovation, Jabil Circuit, and Cerence.

Luminar Technologies has an analyst consensus of Moderate Buy, with a price target consensus of $19.60.

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Luminar Technologies’ market cap is currently $3.62B and has a P/E ratio of -14.50.

Based on the recent corporate insider activity of 49 insiders, corporate insider sentiment is neutral on the stock.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Gores Metropoulos, Inc. operates as a blank check company, which engages in the provision of merger, capital stock exchange, asset acquisition, stock purchase, reorganization and similar business combination with one or more businesses. The company was founded on August 28, 2018 and is headquartered in Beverly Hills, CA.

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