Despite sharply higher consensus revenue growth forecasts, a substantial drop in Luminar Technologies’ future P/E multiple has driven the analyst price target down from $19.08 to $4.33.
What's in the News
- Luminar Technologies appointed Paul Ricci as CEO, replacing founder Austin Russell following a Code of Business Conduct and Ethics inquiry; Russell remains on the board for transition and technology matters.
- The company announced a delay in filing its 10-Q by the SEC deadline.
- Luminar was added to multiple Russell indexes, including the Russell Microcap, Russell 3000E, and their respective Growth and Value benchmarks.
- KPMG LLP was ratified as the independent registered public accounting firm for fiscal year ending December 31, 2025.
- Luminar filed a follow-on equity offering for 1,600,000 shares of common stock at $3.32 per share, totaling $5.312 million.
Valuation Changes
Summary of Valuation Changes for Luminar Technologies
- The Consensus Analyst Price Target has significantly fallen from $19.08 to $4.33.
- The Future P/E for Luminar Technologies has significantly fallen from 146.20x to 20.81x.
- The Consensus Revenue Growth forecasts for Luminar Technologies has significantly risen from 46.2% per annum to 61.7% per annum.
Disclaimer
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