The company has secured a barrage of new deals for its Lidar technology, most recently with Polestar ( more on its upcoming IPO here) and Nvidia. That said, Lidar (Light Detection and Ranging) maker Luminar has been a solid story in its own right since its market debut back in December 2020. Moreover, the company lost a staggering $2.4 billion from 2019 through the first six months of 2021, according to its prospectus. The enthusiasm on Rivian is despite the company being nowhere near producing its electric trucks at scale. For perspective, the combined market caps of Ford and General Motors clocks in at $170 billion.
#Luminar stock ipo plus
Shares of Rivian popped 4% on Friday to $127, giving the EV upstart a lofty market cap of $125 billion, per Yahoo Finance Plus data. The company boasts the most dense point cloud of its competitors. It has a relationship with Volvo and will have sensors on a production car relatively soon. It forecasts 837 million in 2025 sales and Ebitda margins of 44. This suggests a possible upside of 99.7 from the stock's current price.
On average, they expect the company's stock price to reach 17.25 in the next twelve months. Their LAZR share price forecasts range from 8.00 to 37.00. (LAZR) 52-Week Range, 5.61 - 23.90 Beta, 1.70 Analysts, Buy Price Target, 14.09 (+68.1) Earnings Date, Aug 8, 2022. Rivian is about to cap off one impressive start to being a public company, at least from a pure stock price performance. Luminar Technologies (LAZR) is the most valuable lidar company, at about 7.7 billion. 10 Wall Street analysts have issued 1-year price objectives for Luminar Technologies' stock. I think it does show the level of disruption happening in this industry and the opportunity," Russell said on Yahoo Finance Live. "The Rivian IPO is awesome to see, the success there.
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