Timeline of a Buy---
A---Luminar named a top pick for 2022 at Northland 12/28 LAZR, INTC, NVDA Northland analyst Gus Richard named Luminar (LAZR) a top pick for 2022, citing his view that the company is "leading the automotive lidar race" and contention that it will
"likely be the only company in a production vehicle next year." Luminar is working with the two "leading merchant chip companies," as it is partnering with Intel's (INTC) Mobileye and it is in Nvidia's (NVDA) reference design, said Richard, who also thinks it is likely the company will announce a new production nomination at the upcoming CES meeting. Richard keeps an Outperform rating and $38 price target on Luminar shares.
B--
-Luminar, Volvo Cars announce plans for next gen SUV to be revealed in 2022 01/05 LAZR Luminar and Volvo Cars revealed at CES in Las Vegas the launch plans for the all electric next generation SUV. "Luminar's vision is to democratize next-generation safety and autonomy, and we're already seeing this become a reality with the first vehicle launching on Volvo's new platform," said Austin Russell, Founder and CEO. "With Luminar as standard on every vehicle, their next SUV has the opportunity to be the safest vehicle ever produced, while also being the first to enable true autonomy and at highway speed." The first introduction of Volvo Cars' Ride Pilot, an unsupervised autonomous driving capability for highways, will be introduced to customers in the state of California first once it has been verified as safe for use and planned to be available as an add-on subscription, the companies said in a statement. As part of this verification process, Volvo Cars has applied for a testing permit with the California Department of Transportation and intends to begin testing on highways in the middle of the year.
C---
-Mercedes-Benz passenger cars a 'major win' for Luminar, says Northland 01/21 LAZR, NVDA, INTC, DDAIF Northland analyst Gus Richard reiterates his Outperform rating on Luminar Technologies (LAZR) after the company announced a partnership with Mercedes-Benz (DDAIF) to accelerate development of future automated driving technologies for passenger cars, calling the deal "a major commercial win for Luminar." Given reference designs at Nvidia (NVDA), a partnership with Intel's (INTC) Mobileye, the first production cars with Lidar in 2022 and now Mercedes' passenger car win, it is "difficult to dispute" that Luminar is "the Lidar Leader," argues Richard.
D---Jefferies starts 'emerging LiDAR leader' Luminar at Buy 07:09 LAZR As previously reported, Jefferies analyst David Kelley initiated coverage of Luminar with a Buy rating and $20 price target. He estimates
Level 1 Advanced Driver Assistance Systems, or ADAS, penetration has expanded from 6% in 2016 to 39% in 2021 and believes Level 2 and on-highway autonomous are poised to drive the next leg of secular growth. Underlying systems require incremental cameras as well as likely LiDAR implementation for on-highway autonomous, said Kelley, who views Luminar as "an emerging LiDAR leader" supported by a strong commercial customer and partner list. He sees the company having a roadmap to scaled series production and "likely market share leadership in autos," added the analyst.
