What To Know About Deutsche Bank's Downgrade of Luminar Technologies

Deutsche Bank downgraded its rating of Luminar Technologies LAZR to Hold with a price target of $4.00, changing its price target from $11.00 to $4.00.

Shares of Luminar Technologies are trading down 2.75% over the last 24 hours, at $2.30 per share.

A move to $4.00 would account for a 73.91% increase from the current share price.

About Luminar Technologies

Luminar Technologies Inc is an autonomous vehicle sensor and software company with the vision to make autonomy safe and ubiquitous by delivering lidar and associated software that meets the industry's stringent performance, safety, and economic requirements. It operates its business through the following segment: (1) Autonomy Solutions and (2) Components. The majority of revenue is earned from the Autonomy Solutions segment.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.