To The Moon

This week, some popular growth stocks for like$Unity Software Inc.(U)$, $Lucid Group Inc(LCID)$, $Arbe Robotics Ltd.(ARBE)$ , $Teladoc Health Inc.(TDOC)$ $Luminar Technologies, Inc.(LAZR)$ were performed mixed.

Why and Which of the mentioned stock is in your watchlist？Do you have confidence on their future target price？

Weekly performance in this week

As of Thursday pre-market trading:

• Automotive tech company $Luminar Technologies, Inc.(LAZR)$ price over 25% on the announcement of a “sweeping expansion” of a partnership with Mercedes-Benz (OTCPK:MBGAF).
• Game-engine and app-monetization $Unity Software Inc.(U)$ shares fell 7% in the extended session Wednesday after its outlook fell short of Wall Street estimates on a weak mobile-ad market.
• $Teladoc Health Inc.(TDOC)$ fell 6.5% in after-hours trading after the company reported earnings for its fourth quarter of Fiscal Year 2022. Both It's EPS lower than warllstreet expectation，while sales and revenue beat expectations.
• Shares of luxury electric vehicle maker $Lucid Group Inc(LCID)$ were flat(+0.81%) on Wednesday, However, it fell 8.72% after the market, mainly because the company missed Wall Street estimates for Q4 and full-year 2022 revenue, as well as 2023 production and delivery goals.
• Prior on Tuesday, $Arbe Robotics Ltd.(ARBE)$ rose by more than 70% and closed up 47%, but retreated 7% on Wednesday. The main reason is that Tesla's latest autopilot hardware HW4.0 is about to be mass-produced, and the biggest change of HW4.0 is the adoption of the D4 radar produced by ARBE.

Specifically, some adding points about U, TDOC, LCID，ARBE:

1. Recommend to read: Luminar Technologies: Strong Performance Last Week & Upside If Management Hits FY30 Target from @TigerPicks

2. $Unity Software Inc.(U)$ , 2022 was a highly transformational year for this company, it merged with $IronSource Ltd(IS)$, creating a platform to better serve customers and shareholders and drive profitability and cash flow.

However, $Unity Software Inc.(U)$ recently forecasts revenue of $470 million to $480 million for the first quarter, and revenue of $2.05 billion to $2.2 billion for the year. Analysts surveyed by FactSet had estimated revenue of $520.5 million for the first quarter, and revenue of $2.21 billion for the year.

The company told shareholders in a letter: “While we are not forecasting a recovery in the in-game ads market in 2023, we believe it is possible when the economy improves.”

3. $Teladoc Health Inc.(TDOC)$ 's Earnings per share came in at a loss of $0.23, which beat analysts’ consensus estimate of a loss of $0.25 per share. Sales increased by 15.1% year-over-year, with revenue hitting $637.7 million. This beat analysts’ expectations of $633.37 million.

Source from seaking alpha

$Teladoc Health Inc.(TDOC)$ puts out guidance that doesn't inspire much confidence. The stock is down more than 85% from its prior highs. 

4. On Wednesday, $Lucid Group Inc(LCID)$ set 2023 annual production targets of 10,000 to 14,000, which is roughly half of the 20,000 to 22,000 deliveries analysts had expected for the year. $Lucid Group Inc(LCID)$s revenue also fell short of expectations. In the fourth quarter, the company reported revenue of $257.7 million, which is quite shy of analyst expectations of $302.61 million, per Yahoo Finance data. Analysts had expected $661 million for full-year revenue, but Lucid delivered $608.2 million.

Source from Ruters

Lucid burnt a lot of money in 2022 — the company’s loss from operations in Q4 was $749.7 million and in 2022 was $2.6 billion. Investors were probably also concerned about the lowered demand for the Lucid Air sedan.

5. Regarding $Arbe Robotics Ltd.(ARBE)$, the company was listed on Nasdaq through a SPAC in October 2021, and is the first automotive imaging radar company to be publicly listed in the United States. According to agency forecast data, the global 4D millimeter-wave radar market size is expected to reach 3.5 billion US dollars in 2027. The company will greatly benefit from Tesla's cooperation.

The following are the fundamentals, ratings and 2023 target price expectations from wall Street:

Source from seakingalpha

Source from seakingalpha

Overall, Wall Street has a consensus price target of $32.18 on $Teladoc Health Inc.(TDOC)$(current price at $29);

Analysts have a consensus average price target of $36.32 on $Unity Software Inc.(U)$ (current price at $37.8); 

Wall Street gives median target of $12.00 on $Lucid Group Inc(LCID)$(current price at $9.98) , with a high estimate of $18.00 and a low estimate of $5.00; 

Wall Street analysts offering 12-month price forecasts for $Luminar Technologies, Inc.(LAZR)$ have a median target of $12.50 (current price at $7.4), with a high estimate of $24.00 and a low estimate of $5.00; 

The average price target for $Arbe Robotics Ltd.(ARBE)$ is $8.75(Current price at $5.95 ), and the highest analyst price target is $10.00 ,the lowest forecast is $8.00.