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Luminar Technologies, Inc. (LAZR)

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28.13-1.34 (-4.55%)
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Previous Close29.47
Bid27.93 x 800
Ask28.03 x 900
Day's Range27.53 - 30.39
52 Week Range9.45 - 47.80
Avg. Volume13,886,745
Market Cap9.112B
Beta (5Y Monthly)N/A
PE Ratio (TTM)N/A
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est36.60
Fair Value is the appropriate price for the shares of a company, based on its earnings and growth rate also interpreted as when P/E Ratio = Growth Rate. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected.
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  • Buy LAZR Stock for Luminar’s Apple Car Potential

    Buy LAZR Stock for Luminar’s Apple Car Potential

    Apple (NASDAQ:AAPL) is going forward with mass-producing an all-electric, self-driving Apple Car. This has widespread implications, because — as we noted earlier this month — Apple won’t build the Apple Car by itself. The company will use outside vendors to supply critical hardware for the Apple Car. We believe one such vendor could be LiDAR maker Luminar Technologies (NASDAQ:LAZR), and that is one of the reasons we’ve been so bullish on LAZR stock. Source: JHVEPhoto/shutterstock.com On Friday, Feb. 19, Bloomberg all but confirmed that is the case. Citing people familiar with the matter, Bloomberg reported that Apple is, indeed, in talks with LiDAR makers to include their sensors in the Apple Car. The report implied that Apple has yet to decide on a specific LiDAR maker and is continuing to have discussions with various suppliers.InvestorPlace - Stock Market News, Stock Advice & Trading Tips There is a high probability that, when all is said and done, Luminar will be company that Apple settles on — and therefore, “Apple Car supplier” is very likely in Luminar’s future. Undoubtedly, the Apple Car will be a big hit. That’s a big reason to buy LAZR stock. I’m Revealing the Next Amazon Stock for FREE on Tuesday, Feb. 23 — Join Me Here! Here’s a deeper look. Luminar Is the Best LiDAR Maker When Apple builds something, they make it a very high-quality product, with the highest-quality components. So, when it comes to the Apple Car, Apple will likely pick the best LiDAR in the market. Who makes the best LiDAR in the world? Luminar. Relative to other LiDAR sensors, Luminar’s LiDAR have the: Longest range, at over 250 meters of visibility at 5% reflectivity. Best resolution, with over 300 points per square degree at 10 Hertz. Best performance in adverse weather. Least interference from other LiDAR and/or sunlight. It’s the best long-range LiDAR on the planet. It just happens to be the lowest-cost LiDAR, too, as Luminar is the only LiDAR maker in the world that is able to integrate its LiDAR sensors in a vehicle for under $1,000. There really is no competition here. Luminar is the best LiDAR maker in the world. Apple won’t partner with the second-best for the Apple Car. They’ll pick the best. And the best is Luminar. That’s a big positive for LAZR stock. Apple Car Will Be a Hit Luminar winning an Apple Car supplier partnership would be big for two reasons. One, the Apple Car will be a hit. Apple is Apple. This is the company behind the world’s most popular consumer hardware products, like the iPhone, Mac, iPad and Apple Watch. This is a company with nearly $200 billion in cash on its balance sheet, and about 150,000 highly-qualified employees… Now, this company – with the most experience in the world, the most money in the world, and the most engineering and design talent in the world – is going to make a car. This Apple Car has the potential to be truly disruptive… and turn into an enormous hit like the iPhone. Two, the partnership will be a huge vote of confidence from the world’s largest technology company. Other auto OEMs will take note. Luminar should be able to leverage this partnership win to sign-on multiple other auto OEMs over the next few years. To that end, Luminar winning the Apple Car contract could be the beginning of an avalanche of new contracts for the LiDAR maker. As all those contracts roll in, LAZR stock will keep pushing higher. Bottom Line on LAZR Stock The self-driving revolution has arrived. One of the best ways to play this revolution is by buying perception technology companies. The most important component of the self-driving hardware perception stack is LiDAR, and the best LiDAR maker in the world is Luminar. On that basis alone, LAZR stock is a great long-term investment. The Apple Car catalyst just adds more firepower to the bull thesis. But it’s not the best growth stock to buy today. Instead, the best growth stock to buy today is a company which reminds me of a young Amazon (NASDAQ:AMZN). Indeed, I think buying this stock today could be like buying AMZN stock back in 1997 — before it soared thousands of percent. Which stock am I talking about? Click here to find out. On the date of publication, Luke Lango did not have (either directly or indirectly) any positions in the securities mentioned in this article. By uncovering early investments in hypergrowth industries, Luke Lango puts you on the ground-floor of world-changing megatrends. It’s how his Daily 10X Report has averaged up to a ridiculous 100% return across all recommendations since launching last May. Click here to see how he does it. More From Hypergrowth Investing FuboTV Stock Is Heading to $200. Buy It Before It Goes Parabolic The Best Stocks to Buy in the Market Today, According to Jeff Bezos 7 Explosive Cryptocurrencies to Buy After the Bitcoin Halvening 15 EV Stocks to Buy as GM Goes All-Electric The post Buy LAZR Stock for Luminar’s Apple Car Potential appeared first on InvestorPlace.

  • Apple in Talks to Buy Self-Driving Sensors, Key Step in Car Plan

    Apple in Talks to Buy Self-Driving Sensors, Key Step in Car Plan

    (Bloomberg) -- Apple Inc. is in discussions with multiple suppliers of self-driving car sensors known as lidar, according to people familiar with the matter, a key milestone toward development of its first passenger vehicle.The Cupertino, California-based technology giant is in active talks with a number of potential suppliers for these laser-based sensors that allow a car’s computer to “see” its surroundings, said the people, who asked not to be identified due to the private nature of the discussions. The company has been working on a driverless vehicle project for several years and has developed on its own most of the necessary software, underlying processors and artificial intelligence algorithms needed for such a sophisticated system.As it’s done with the iPhone, Apple is looking to outside vendors to supply critical hardware for a planned autonomous vehicle, the people said. The ongoing discussions are a sign that Apple has yet to settle on a preferred supplier for lidar and that it’s likely mulling a range of options, including a heavily customized version of the sensors, as it moves toward developing a car design. That’s an indication that a finished product is still several years away.An Apple spokesman declined to comment.Read more: With Robotaxis Still a Distant Dream, Lidar Makes Itself UsefulAt least a half-dozen lidar companies have gone public via reverse merger in recent months -- raising hundreds of millions of dollars by seizing on investor appetite for a bet on future demand for high-tech cars. The laser sensor technology is used by many top-tier players hoping to commercialize driverless vehicles, including Google parent Alphabet Inc.’s Waymo unit and General Motors Co.’s Cruise division.Shares of lidar makers jumped on Bloomberg’s report. Luminar Technologies Inc. rose as much as 8.9% to $35.75, reversing earlier declines. Velodyne Lidar Inc. climbed as much as 4.7% to $21.89. Apple shares rose 0.8% to $130.71 at 11:03 a.m. New York time.Benjamin Lyon, a key Apple manager who oversaw work on self-driving car hardware, left the company earlier this week for a space and satellite startup. It’s unclear what impact that may have on Apple’s progress on delivering a commercially viable car.Off-the-ShelfApple has been testing its robotaxi technology on public roads in California since 2017. The first version of its test cars, modified Lexus SUVs, used a lidar stack made up of off-the-shelf parts, though this has become a more bespoke effort recently.The company explained in a white paper issued in 2019 how its sensory perception technology is supposed to work. “The sensing component is able to determine where the vehicle is located in the world and can identify and track surrounding objects, such as other vehicles, pedestrians, and bicyclists,” Apple said at the time. “This is accomplished using a combination of sensors, including lidar, radar, and cameras, and provides high-resolution 360-degree 3D coverage around the vehicle.”Reuters reported in 2019 that Apple was talking to lidar makers, but the autonomous vehicle project was fully rebooted afterward. Apple is now in discussions for next-generation lidar that will be considered cutting edge four to five years from now -- another indicator of the company’s timeline, said people familiar with the discussions.Cars aren’t Apple’s only foray into lidar: The company launched an iPad Pro embedded with the laser sensor tech last March, and it expanded the feature to the iPhone 12 Pro line last fall. The technology enhances low-light photography and augmented reality applications in the consumer devices; using it to detect driving conditions and obstacles in the road is a more complicated feat.Five-Year TimelineThe iPhone maker has a team of car interior, body, drivetrain and battery experts working toward eventually launching a car. Inside the company, staff believe that such a launch is at least five years away, Bloomberg News has reported.Apple’s self-driving car system has improved from a few years ago, but is still lagging the competition. Last year, Apple test cars drove more than 18,800 miles in California with a human driver having to take control every 145 miles. That compares to Waymo, which drove 628,839 miles and needed a human driver to take over every 30,000 or so miles, and Cruise, which drove 770,000 total miles with a disengagement every 28,520 miles.Even as Apple seeks suppliers, it also is in talks about potential manufacturing and other outsourcing partnership deals with several different automakers. It has discussed car manufacturing options with Hyundai group sister companies Hyundai Motor Co. and Kia Motors Corp., but those discussions paused several weeks ago. The two carmakers recently said they are not in talks with Apple.Read more: Who Will Build the Apple Car? Here Are Candidates to WatchFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.

  • The 8 Most Expensive Stocks Worth Buying in 2021

    The 8 Most Expensive Stocks Worth Buying in 2021

    Investors usually don’t go looking for the most expensive stocks in the market. But, in recent years, that strategy actually has paid off well. This has been a market that has focused on growth over valuation. Whether due to low long-term interest rate expectations, a savvy understanding of “megatrends” in key sectors, or something close to a bubble, investors haven’t sold the most expensive stocks at the top. They’ve generally kept buying. Indeed, some of the market’s biggest winners of the past few years have been the likes of Tesla (NASDAQ:TSLA), Shopify (NYSE:SHOP) and Roku (NASDAQ:ROKU). None of those stocks looked particularly cheap to begin with. All the way up, skeptics (on occasion, myself included) voiced concerns about valuations, but long-term bulls have generated enormous returns.InvestorPlace - Stock Market News, Stock Advice & Trading Tips It’s up for debate whether that trend holds. Again, with so many sectors offering explosive opportunities, there is a case for buying growth at almost any price. There’s an equally reasonable case that at some point, valuation has to matter, and that such a point is on the horizon. 7 Overvalued Stocks Investors Just Don’t Get Tired Of For investors who retain their optimism, there are expensive stocks (if not necessarily the most expensive stocks) that still can provide quality returns from this point. Here are eight of those potential winners: Luminar (NASDAQ:LAZR) Cloudlfare (NYSE:NET) Fastly (NYSE:FSLY) Adobe (NASDAQ:ADBE) Bandwidth (NASDAQ:BAND) Snap (NYSE:SNAP) Canada Goose (NYSE:GOOS) Amazon.com (NASDAQ:AMZN) Most Expensive Stocks Worth Buying: Luminar (LAZR) Source: JHVEPhoto/shutterstock.com At this point, there are basically no growth stocks in the auto sector that are cheap. Investors are going to have to pay up for exposure to the growth of electric and autonomous vehicles. In that context, quality matters most. And it seems like Luminar has one of the better stories in the group. The maker of lidar (light detection and ranging) technology seems to be the industry leader, having passed Velodyne Lidar (NASDAQ:VLDR). ADAS (advanced driver-assistance systems) revenue should allow the company to ramp revenue and possibly reach profitability before the AV trend kicks into high gear. Again, investors do have to pay up for the opportunity. Luminar has a market capitalization now over $10 billion, yet 2021 revenue likely comes in below $30 million. This story can go south in a number of ways. The long-term risk is competition. In the near term, a pullback across the sector wouldn’t be shocking given how many names (LAZR included) have posted triple-digit rallies over the last six months. But as I wrote last month, investors who trust the market and the sector should have LAZR on their watchlists. That’s still the case at the moment. Cloudflare (NET) Source: Sundry Photography / Shutterstock.com At 41,035x the consensus earnings per share estimate for 2022, NET looks not like one of the most expensive stocks in the market, but the most expensive stock. Of course, that forward price-to-earnings multiple is inflated by the fact that earnings are expected to be so thin (two-tenths of a penny, to be precise). That aside, NET still does trade at 45x the consensus revenue estimate for 2021, one of the higher multiples in the market. But this seems to be a story worth paying up for. Cloudflare’s cloud-based solutions combine content delivery with security. The former trend is growing nicely thanks to demand for streaming video and edge computing. The latter is obviously important in this day and age, with Cloudflare allowing corporate IT departments to extend their security off premise and into the cloud. There are concerns. The first, as with so many stocks on this list, is whether even that impressive growth potential is priced in. Second, Cloudflare’s business model is different from other software companies in that capital expenditures are rather high. Cloudflare’s network requires worldwide reach, and that in turn requires significant capital. Capex including capitalized software was $75 million in 2020, more than 20% of revenue. That proportion will trend down over time, but this is not a capital-light business like many other software plays. Finally, 2021 guidance given last week did look a bit soft, with Cloudflare guiding for a deceleration of growth in 2021. As we’ve seen with smaller sector play Limelight Networks (NASDAQ:LLNW), top-line disappointments are punished. NET stock has fallen 10% in two sessions since the release. 7 Overvalued Stocks Investors Just Don’t Get Tired Of In other words, execution risk is high. But given the opportunity for Cloudflare to become an integral part of the internet worldwide, for now the risks seem worth taking. Fastly (FSLY) Source: Pavel Kapysh / Shutterstock.com FSLY is another name that shows the risk of disappointing in the CDN space. Investors bid the stock up aggressively from March lows, betting that the CDN provider would benefit from pandemic tailwinds. But preliminary third quarter numbers in late October were good but not quite good enough. Fastly stock plunged 27% the following day, and another 17% during a seven-session losing streak that followed. But long term, Fastly seems fine. Those tailwinds are intact. Growth remains impressive. The case for FSLY is that its Q3 will in retrospect look like the stumble at Twilio (NYSE:TWLO). Twilio has gained about 1,600% from 2017 lows. FSLY isn’t likely to post those same kinds of returns, but there’s still upside ahead. Q4 earnings topped expectations, and guidance suggests another 30% increase in revenue in 2021. At the moment, that report again doesn’t seem quite good enough, with Fastly stock down in after-hours trading. From here, it looks easily good enough to support the long-term case, and to make FSLY a potential buy on any further weakness. Adobe (ADBE) Source: r.classen / Shutterstock.com A year ago, I wrote that ADBE stock was a buy until proven otherwise. Simply put, it hasn’t been proven otherwise. Adobe earnings have remained strong despite pandemic impacts. Its Adobe Sign offers another potential growth opportunity, even if that business lags DocuSign (NASDAQ:DOCU) in e-signatures. The company’s acquisition strategy remains on point, and management is solid. Certainly, Adobe stock isn’t cheap. 43x this year’s consensus EPS estimate is a big multiple, one that makes ADBE one of the most expensive stocks in the large-cap group. 7 Overvalued Stocks Investors Just Don’t Get Tired Of But ADBE has seen a bit of a buying pause since August. That consolidation seems like it’s setting up another rally. Yes, the multiple is big, but Adobe simply is one of the best companies out there. ADBE stock shouldn’t be cheap, and it likely won’t ever be for a very long time. Most Expensive Stocks Worth Buying: Bandwidth (BAND) Source: Shutterstock This relatively unknown CPaaS (communications-platform-as-a-service) provider has an intriguing bull case. Revenue continues to grow at a healthy clip, with a roughly 40% increase expected in 2020 and high-30s growth likely this year. Certainly, the market isn’t ignoring BAND stock. Shares trade at about 14x 2020 revenue. But in the context of cloud names, that multiple isn’t completely out of line. Rival Twilio garners a far higher multiple. Meanwhile, Bandwidth should be able to at least match Twilio on the top line. Bottom-line improvements should follow beyond 2021, thanks to operating leverage in the model and gross margin improvements. The technicals look solid, with BAND challenging resistance for a third time, setting up a potential breakout if Q4 earnings impress next week. Bandwidth even could be a takeover target down the line. As with other cloud names, investors have to pay up for the potential here. But there’s a lot to pay up for. Snap (SNAP) Source: Puckpao / Shutterstock.com Snap has gone from one of the market’s biggest disappointments to one of its biggest successes. In December 2018, SNAP stock touched $5, down more than 70% from its initial public offering price of $17. User growth had stalled out, the launch of Spectacles looked like a disaster, and investors simply had lost faith in the company. In the 27 months since then, SNAP stock has returned more than 1,100%, including a 207% rally in 2020. Users have returned, social media is hot again, and Snap seems to be on the right track. In short, investor confidence returned in a big way. As long as that holds, SNAP stock can keep rising. Yes, a 100x forward P/E multiple seems astounding. But Snap still has a lot of runway both in attracting new users, and more importantly, monetizing its existing base. The nature of the platform model means a healthy chunk of that incremental revenue will drop to the bottom line. The resulting explosive earnings growth can justify that triple-digit P/E multiple in a hurry. 7 Overvalued Stocks Investors Just Don’t Get Tired Of Obviously, Snap must continue to execute. Just as obviously, the rally is going to slow. But as long as the status quo holds with the business, there’s room for more upside in SNAP as a stock. Canada Goose (GOOS) Source: rblfmr / Shutterstock.com I liked GOOS stock coming into 2021. Up 44% year-to-date, the stock still should have some legs. Yes, the price is higher. But this isn’t a case of the market mindlessly bidding up the stock. Canada Goose’s fiscal third-quarter earnings report earlier this month was a blowout. On an absolute basis, the quarter doesn’t seem that impressive. Revenue increased just 5% year-over-year. Operating profit actually declined. But it’s how the quarter played out that cheered investors, who bid GOOS stock up 21%. The revenue growth was the first for Canada Goose since the pandemic hit. E-commerce sales impressed. China, a key export market, is returning to normalcy. Given that Canada Goose still has some stores closed, and is facing significantly lower traffic at third-party channels, even 5% growth looks like a win. In short, this is a company that looks set to return to its growth trajectory. That projected trajectory was enough to push GOOS to $70 back in late 2018. If growth continues, there’s no reason it can’t get there again, which suggests roughly 60% upside from current levels. Amazon.com (AMZN) Source: Hadrian / Shutterstock.com AMZN stock long has had the reputation of being one of the market’s most expensive stocks. On a P/E basis, it’s often looked ridiculously inflated. Interestingly, that’s actually starting to change. Looking to 2022, analysts now see EPS of $66 (albeit with a very wide range), suggesting a forward P/E multiple around 50x. That figure sounds enormous. But I’ve long argued that investors shouldn’t use a single metric to value this company, and that’s still the case. It’s worth remembering that Amazon earnings remain deflated by the company’s enormous investments in all sorts of markets. Some of those investments will pay off. Some won’t. But long term, those investments either provide a return, which boost profits, or get cut, which does the same. Meanwhile, the cloud business is enormously valuable. Amazon’s dominance of e-commerce remains relatively unchallenged, even with smaller rivals doing well amid the pandemic. 7 Overvalued Stocks Investors Just Don’t Get Tired Of Simply put, this is one of the world’s best companies, yet AMZN stock is as cheap as it’s been in a while. Recent underperformance – AMZN stock has traded flat since July – isn’t likely to hold. The departure of chief executive officer Jeff Bezos could provide an overhang, but from a long-term perspective this pause in AMZN’s rally seems like a buying opportunity. On the date of publication, Vince Martin did not have (either directly or indirectly) any positions in the securities mentioned in this article. After spending time at a retail brokerage, Vince Martin has covered the financial industry for close to a decade for InvestorPlace.com and other outlets. More From InvestorPlace Why Everyone Is Investing in 5G All WRONG Top Stock Picker Reveals His Next Potential Winner It doesn’t matter if you have $500 in savings or $5 million. Do this now. #1 Play to Profit from Biden's Presidency The post The 8 Most Expensive Stocks Worth Buying in 2021 appeared first on InvestorPlace.