Needham Assigns a Buy Rating on Velodyne Lidar (VLDR)

Needham analyst Rajvindra Gill assigned a Buy rating to Velodyne Lidar (VLDRResearch Report) today and set a price target of $20.00. The company’s shares closed last Thursday at $15.19.

According to TipRanks.com, Gill is a 5-star analyst with an average return of 14.5% and a 64.4% success rate. Gill covers the Technology sector, focusing on stocks such as Sequans Communications S A, Everspin Technologies, and Smart Global Holdings.

Velodyne Lidar has an analyst consensus of Strong Buy, with a price target consensus of $28.29, which is a 68.4% upside from current levels. In a report issued on February 19, Robert W. Baird also reiterated a Buy rating on the stock with a $28.00 price target.

See today’s analyst top recommended stocks >>

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Graf Industrial Corp. is a blank check company, which formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was founded on June 26, 2018 and is headquartered in Houston, TX.