Do Redditors Think That Luminar Technologies Inc. (LAZR) Has a Big Upside Potential?

Insider Monkey11-22

We recently compiled a list of the 11 Reddit Stocks with Biggest Upside Potential. In this article, we are going to take a look at where Luminar Technologies Inc. (NASDAQ:LAZR) stands against the ...

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(NASDAQ:LAZR) stands against the ...</p>\n\n<a href=\"https://finance.yahoo.com/news/redditors-think-luminar-technologies-inc-214234841.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Do Redditors Think That Luminar Technologies Inc. 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(LAZR) Has a Big Upside Potential?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-22 05:42 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/redditors-think-luminar-technologies-inc-214234841.html><strong>Insider Monkey</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>We recently compiled a list of the 11 Reddit Stocks with Biggest Upside Potential. In this article, we are going to take a look at where Luminar Technologies Inc. (NASDAQ:LAZR) stands against the ...</p>\n\n<a href=\"https://finance.yahoo.com/news/redditors-think-luminar-technologies-inc-214234841.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"FT_SY_MNQ","symbol_name":"微型NQ100指数","start_time":0,"source_url":"https://finance.yahoo.com/news/redditors-think-luminar-technologies-inc-214234841.html","article_id":"2485432429","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/gIy_VRLMFiyXZ5mHhfe_IA--~B/aD04MTY7dz0xNDU2O2FwcGlkPXl0YWNoeW9u/https://media.zenfs.com/en/insidermonkey.com/14a827705582144d8e672da3038d994a"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2485432429","pubTimestamp":1732225354,"columns":[],"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"We recently compiled a list of the 11 Reddit Stocks with Biggest Upside Potential.In this article, we are going to take a look at where Luminar Technologies Inc.  stands against the other Redditor-approved stocks.Paul Hickey, Bespoke co-founder, together with Dana D'Auria, Envestnet co-chief Investment Officer, joined CNBC's 'Closing Bell: Overtime' on November 12 to discuss the market's reaction to the election results and earnings. Paul Hickey believes that the AI bull market is likely to continue now.We sifted through threads to compile a list of 30 trending stocks with high upside potentials. We then selected the 11 stocks with the biggest upside potential","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4562":"SPAC上市公司","QID":"纳指两倍做空ETF","LAZR":"Luminar Technologies, Inc.","SQQQ":"纳指三倍做空ETF","QLD":"纳指两倍做多ETF","BK4537":"激光雷达概念",".IXIC":"NASDAQ Composite","PSQ":"纳指反向ETF","BK4124":"机动车零配件与设备","TQQQ":"纳指三倍做多ETF","BK4551":"寇图资本持仓"},"translate_title":"Reddit用户认为Luminar Technologies Inc.(LAZR)有很大的上涨潜力吗？","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"LAZR":1,".IXIC":0.9,"MNQmain":0.6,"NQmain":0.6,"PSQ":0.6,"QID":0.6,"QLD":0.6,"SQQQ":0.6,"TQQQ":0.6},"content_text":"We recently compiled a list of the 11 Reddit Stocks with Biggest Upside Potential. In this article, we are going to take a look at where Luminar Technologies Inc. (NASDAQ:LAZR) stands against the other Redditor-approved stocks.\nPaul Hickey, Bespoke co-founder, together with Dana D'Auria, Envestnet co-chief Investment Officer, joined CNBC's 'Closing Bell: Overtime' on November 12 to discuss the market's reaction to the election results and earnings. Paul Hickey believes that the AI bull market is likely to continue now.\nThis recent conversation centered around the key forces to watch in the current political and economic landscape, particularly in light of potential energy impacts from Ukraine, shifts in Middle Eastern policies, and possible market effects from trade policies with China. Hickey thinks that as President-elect Donald Trump’s cabinet begins to take shape, it will provide clearer insights into future expectations. He emphasized that while election results can lower barriers to the market and reduce speed bumps, their impact is often overstated. He notes that over the past 16 years, the market has shown strong performance under different administrations, with annualized returns of 16.3% during both Barack Obama’s and Donald Trump’s first terms, and 14% under Joe Biden. This consistency, according to Hickey, suggests that market returns have remained relatively stable despite varying political landscapes.\nThe conversation also highlighted the ongoing AI bull market, which has been broadening since the summer and is expected to continue. The S&P 500 recently closed above 6,000, reflecting positive momentum in the markets, including gains in the NASDAQ. There was a discussion about how a sweeping victory for one party could have been perceived as detrimental to equities; however, Republicans achieved this outcome and equities responded positively. To maintain this momentum, D'Auria suggested that Republicans might need to exercise more fiscal responsibility. The implication is that a single party cannot implement all its plans without consideration of fiscal implications.\nD'Auria thinks that as tax cuts from 2017 are likely to be extended under Republican leadership, inflation concerns may arise due to higher tariffs and increased government spending. The Republican stance thus far has been viewed as pro-business, which is reflected in current market performance. However, a potential challenge lies ahead; she is of the idea that stocks are now being priced with expectations of a low regulatory environment. This regulatory landscape will be crucial for sustaining market growth moving forward.\nAs the market continues to react positively to political developments and the ongoing AI bull market, investors should consider focusing on stocks with significant upside potential.\nMethodology\nWe sifted through threads to compile a list of 30 trending stocks with high upside potentials. We then selected the 11 stocks with the biggest upside potential according to analysts. The stocks are ranked in ascending order of their analysts' upside potential.\nWhy are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 275% since May 2014, beating its benchmark by 150 percentage points (see more details here).\n A factory worker using an ultra-sensitive pixel-based sensor while working on an automobile. \nLuminar Technologies Inc. (NASDAQ:LAZR)\nAverage Upside Potential as of November 11: 85.19%\nLuminar Technologies Inc. (NASDAQ:LAZR) is a technology company that develops vision-based LiDAR and machine perception technologies, primarily for self-driving cars. It also develops advanced technologies like specialized chips and lasers.\nThe company has a strong focus on growing partnerships with global automakers. Volvo Cars recently deepened its relationship with Luminar Technologies Inc. (NASDAQ:LAZR). Building on the successful launch of the Volvo EX90 equipped with this company's LiDAR, Volvo has chosen it as standard equipment for an additional vehicle model. In Q3 2024, it successfully delivered a significant amount of product for the Volvo EX90, exceeding the combined shipments of the previous 3 quarters. Additionally, with global deliveries underway, Volvo is expanding the EX90's reach beyond the US market.\nIt also secured a new advanced development contract with a prominent Japanese automaker. This collaboration focuses on integrating the company's LiDAR technology and developing new software capabilities for the automaker's next-generation advanced driver-assistance system. It further underscores its position as a key player in enabling future ADAS and autonomous driving systems.\nOverall LAZR ranks 5th on our list of the Redditor-approved stocks with biggest upside potential. While we acknowledge the potential of LAZR as an investment, our conviction lies in the belief that AI stocks hold great promise for delivering high returns and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than LAZR but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.   \nREAD NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock.   \nDisclosure: None. This article is originally published at Insider Monkey.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2485432429"}