Klaus Vedfelt/DigitalVision via Getty Images
Investment action
I recommended a buy rating for Luminar Technologies (NASDAQ:LAZR) when I wrote about it in April last year, as I believed LAZR was on track to meet its FY30 targets. While the
Luminar Technologies: Long-Term Upside Remains Very Attractive
Summary
- I reiterate a buy rating for Luminar Technologies due to its strong innovation and strategic partnerships, despite recent share price weakness.
- The upcoming Halo LiDAR launch in 2026 is a potential game-changer, offering significant performance and cost improvements for high-level autonomous driving.
- LAZR's partnerships with Volvo and a major Japanese OEM highlight its product reliability and credibility, creating a flywheel effect for future adoption.
I consider an investment ideal if it performs its core business in a sector projected to experience structural (organic) growth in excess of GDP growth over the next 5-10 years; profits from sustainable competitive advantages that translate into attractive unit economics; In the hands of competent, ethical, and long-term thinkers; with a fair valuation
Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.