So we'll see.īRAD SMITH: Lots of tracking lasers in the world of lasers, everyone. JULIE HYMAN: I mean, it's down over the last year, I believe, like so many of these tech stocks. JULIE HYMAN: Yeah, the stock is up, even with today's drop, 56% this year. But they ultimately think that the current valuation is expensive right now. And they also believe underlying hardware gross margins, tailwinds from software, it could be lower than the company targets there. The market for the software is highly competitive. How to sharpen an image using Luminar 4 Focus the edges Adjust clarity. And they also believe it's got some opportunities in that regard. As for normal sharpening, Topaz Sharpen AI is masterful and free of the. But Luminar attributing this higher average selling price in part to software, the note had also said. Only sell on the company.īRAD SMITH: Only sell. I hadn't had a chance yet to check to see if there are any other sells on Luminar, but it's interesting to get this kind of a call on the company. So all of that affecting the shares here this morning. And also, they're looking at what has happened with the stock and that the stock is now more fully valued. However, it really has to do with the company's margin outlook, revenue per vehicle. The analyst over there, Mark Delaney, saying that they continue to see Luminar as "one of a handful of leaders in the very competitive LiDAR industry." That's a quote from the note here. Luminar shares down some 7% here this morning. I also was very ticked that instead of a small upgrade fee, they wanted almost the full whack for me to upgrade from Luminar 4 to Luminar AI. Shares are sliding after Goldman Sachs downgraded the tech company to a sell, saying it's fully valued and it's going to face greater margin pressure. The only difference I can notice with Luminar AI and Luminar 4 is the auto reflection, which is great but I dont do enough landscapes with water to make it worth its money. JULIE HYMAN: Not so positive, however, on our next mover. Yahoo Finance Live anchors Julie Hyman and Brad Smith discuss Goldman Sachs’ Sell rating on Luminar stock.
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