It's Time to Buy the Dip in LAZR Stock for 500% Gains

Most investors have heard of Luminar (LAZR) stock before.

The red-hot disruptive tech startup makes laser sensors -- called "LiDAR" -- which power self-driving cars.

On hype that its sensors will forever change the automotive market, the company has been all the rage on Wall Street. LAZR stock -- once priced at $10 in November -- nearly touched $50 in early December, representing a whopping 5X gain in a month.

But stocks don't go up in straight lines forever. Just as quickly as LAZR stock shot up to $50, shares of the self-driving tech company dropped below $30.

Make no mistake. This recent drop in LAZR stock is a golden opportunity for long-term investors to buy into what may turn into the market's best growth story of the 2020s.

What is that story?

Self-driving is quickly becoming a reality. LiDAR sensors will be the technology backbone of the self-driving revolution. Luminar makes the best and most economic LiDAR sensors in the market. The company's sensors will inevitably be outfitted on millions and millions of cars over the next several years. As that happens, Luminar's revenues and profits will soar into the billions-of-dollars range.

Luminar stock will soar, too.

By how much? My numbers say that LAZR stock has nearly 500% upside potential over the next few years.

Watch the video to see how that could happen.

Get more of Luke’s Hypergrowth Stock picks by subscribing to his free newsletter here: https://signup.investorplace.com/?cid...
Like the video? Subscribe here: https://www.youtube.com/user/investor...

Follow Luke on Twitter at @LukeLango3

On the date of publication, Luke Lango did not have (either directly or indirectly) any positions in the securities mentioned in this video.

The New Daily 10X Stock Report: 98.7% Accuracy – Gains Up to 466.78%. InvestorPlace's brand-new and highly controversial newsletter is rocking the industry delivering one breakthrough stock recommendation each and every trading day delivered straight to your inbox. 98.7% Accuracy to Date – Gains Up to 466.78%. Now, for a limited time, you can get in for just $19. Click here to find out how: https://orders.investorplace.com/?cid...

More From InvestorPlace Quick Picks:

Strong International Expansion to Drive NIO Stock to $150:    • Strong International Expansion to Drive NI...  
The Very Good Food Company Is a 10X Stock in the Making:    • The Very Good Food Company Is a 10X Stock ...  
Shopify Stock Is a Major Buy for Enormous Q4 Growth:    • Shopify Stock Is a Major Buy for Enormous ...  

#LAZR #Luminar #Lidar