Luminar Technologies (LAZR) Moves to Buy: Rationale Behind the Upgrade
LAZRLuminar Technologies(LAZR) ZACKS·2024-08-13 01:01

Luminar Technologies, Inc. (LAZR) could be a solid choice for investors given its recent upgrade to a Zacks Rank #2 (Buy). This rating change essentially reflects an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the sys ...