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Luna Innovations Inc has a consensus price target of $10 based on the ratings of 4 analysts. The high is $12.5 issued by Stifel on July 28, 2023. The low is $8 issued by Needham on May 6, 2024. The 3 most-recent analyst ratings were released by Needham, Needham, and Northland Capital Markets on May 6, 2024, November 16, 2023, and August 11, 2023, respectively. With an average price target of $8 between Needham, Needham, and Northland Capital Markets, there's an implied 416.13% upside for Luna Innovations Inc from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for Luna Innovations (NASDAQ:LUNA) was reported by Needham on May 6, 2024. The analyst firm set a price target for $8.00 expecting LUNA to rise to within 12 months (a possible 416.13% upside). 1 analyst firms have reported ratings in the last year.
The latest analyst rating for Luna Innovations (NASDAQ:LUNA) was provided by Needham, and Luna Innovations reiterated their buy rating.
The last upgrade for Luna Innovations Inc happened on May 23, 2022 when Northland Capital Markets raised their price target to $8. Northland Capital Markets previously had a market perform for Luna Innovations Inc.
The last downgrade for Luna Innovations Inc happened on March 15, 2023 when Northland Capital Markets changed their price target from N/A to $8 for Luna Innovations Inc.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Luna Innovations, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Luna Innovations was filed on May 6, 2024 so you should expect the next rating to be made available sometime around May 6, 2025.
While ratings are subjective and will change, the latest Luna Innovations (LUNA) rating was a reiterated with a price target of $8.00 to $8.00. The current price Luna Innovations (LUNA) is trading at is $1.55, which is out of the analyst’s predicted range.
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