Luminar offers a compelling option for insteps looking to play the transformative secular trends around vehicle autonomy and electrification. I believe this presents a golden buying opportunity for investors who can look past the market’s short-term obsession with profits.
Revenue growth of more than 107% is projected for next year, and 200%+ the year after.
This emerging leader looks poised for massive growth in the years ahead as autonomous vehicles go mainstream. In my view, Luminar boasts game-changing capabilities, cost roadmaps, and a thriving customer ecosystem.
#Luminar stock software#
However, the company has smartly diversified across auto OEMs, trucking fleets, lidar software players, and even aerospace leaders like NASA. Doubters will point to Luminar’s reliance on fickle EV demand. The company remains on track to achieve key milestones around cost, production scale, and its tech rollouts. The company expects its order book to swell to $60 billion by the decade’s end.ĭespite the market’s laser-like focus on profits today, Luminar continues investing heavily in R&D and manufacturing to dominate the autonomous future. Luminar recently posted strong Q2 results, with revenue up over 63%. In my opinion, this cost curve unlocks a world of possibilities in ADAS and autonomous vehicles. But costs have plunged rapidly, with Luminar announcing a $500 solution this year. I believe Luminar’s long-term growth story remains intact, and autonomous vehicle technology will transform transportation in the years ahead.ĭon’t get me wrong, lidar is still expensive compared to traditional sensors used in this space. However, in my view, that brutal selloff has created a golden buying opportunity. Lidar sensor maker Luminar Technologies (NASDAQ: LAZR) has been absolutely clobbered amid the recent tech selloff, with shares plummeting over 84% from its peak.
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