Where Will Luminar Technologies Stock Be in 3 Years?

Luminar Technologies (NASDAQ: LAZR), a producer of automotive lidars, has burned a lot of investors since its public debut on Dec. 2, 2020. Its stock opened at $354.75, set a record high of $627 five days later, but now trades at about $6.Like many other start-ups backed by special purpose acquisition companies (SPACs), Luminar overpromised and underdelivered. Rising rates then highlighted its losses and crushed its valuations. But at these depressed levels, could Luminar be a good contrarian play for the next three years?Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool