Its Autonomy Solutions segment designs, manufactures and sells laser imaging, detection and ranging sensors, as well as related perception and autonomy software solutions primarily for original equipment manufacturers in the automobile, commercial vehicle, robo-taxi and adjacent industries.
The Component segment develops ultra-sensitive pixel-based sensors. This segment also designs, tests and provides consulting services for nonstandard integrated circuits for use in the automobile and aeronautics sector, as well as government spending in military and defense activities.
J.P. Morgan’s $30 target price is well above the $14.75 consensus target for Luminar Technologies stock. On Friday, shares traded at $7.70 apiece.
Peloton Interactive
This cycling and exercise platform was a huge pandemic winner but has been hammered this year. Peloton Interactive Inc. (NASDAQ: PTON) operates interactive fitness platforms in North America and internationally. The company offers connected fitness products with touchscreens that stream live and on-demand classes under the Peloton Bike, Peloton Bike+, Peloton Tread and Peloton Tread+ names.
Peloton Interactive also provides connected fitness subscriptions for various household users and access to various live and on-demand classes. Its Peloton Digital app for connected fitness subscribers provides access to its classes. As of June 30, 2022, it had approximately 6.9 million members. The company markets and sells its interactive fitness products directly through its retail showrooms and online.
The company announced this week a partnership with Dick’s Sporting Goods to sell its exercise bikes through the retail giant. Peloton’s exercise hardware (minus its new rowing machine) will be available for sale at 100 Dick’s Sporting Goods locations in time for the holidays.
The $20 Cowen target price compares with a $17.07 consensus target. Peloton Interactive stock traded at $7.25 on Friday.
Under Armour
The sports apparel stock has been crushed and looks like a solid bargain here. Under Armour Inc. (NYSE: UAA) engages in the developing, marketing and distributing performance apparel, footwear and accessories for men, women and youth. The company offers its apparel in compression, fitted and loose fit types.
The company also provides footwear products for running, training, basketball, cleated sports, recovery and outdoor applications. The company’s accessories include gloves, bags, headwear and sports masks, and it offers and digital subscription and advertising services under the MapMyRun and MapMyRide platforms.
Under Armor primarily offers its products under the Under Armor, UA, HeatGear, ColdGear, HOVR, Protect This House, I Will, UA Logo, Armour Fleece and Armour Bra brands. The company sells its products through wholesale channels, including national and regional sporting goods chains, independent and specialty retailers, department store chains, mono-branded Under Armour retail stores, institutional athletic departments, and leagues and teams, as well as independent distributors and directly to consumers through a network of 422 brand and factory house stores, as well as through e-commerce websites.
Under Armour stock has a $15 target price at BMO Capital Markets. The consensus target is $13.21, and shares traded on Friday at $7.00.
These are five stocks for aggressive investors looking to get share count leverage on companies that have sizable upside potential. While not suited for all investors, they are not penny stocks with absolutely no history or liquidity, and major Wall Street firms have research coverage.
Originally posted at 24/7 Wall St.
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