Opinions
The Panic-Proof Portfolio (Stockchase Research)
Velodyne Lidar
VLDR-Q
TOP PICK
Dec 10, 2020
$20.000
Stock price when the opinion was issued
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PAST TOP PICK
(A Top Pick Dec 01/20, Down 40%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK with VLDR has triggered its stop at $12. To be disciplined we recommend covering the balance of the position. This would result in a net return on investment of (5%), when combined with the previous recommendation to cover half at a 30% gain.
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Stockchase Research Editor: Michael O'Reilly VLDR producers sensors used in applications such as autonomous driving, drones and 3D mapping. They sell products around the world. Ford has taken a 7% ownership in the stock and a Google-like Chinese company, Baidu, has a 3-year development deal. The company is still not profitable, but with revenue up over 130% and several new multi-year contracts signed, it could be poised for takeoff. We would trade this $12 stop-loss, looking to target of $26 -- almost 30% upside. Yield 0% (Analysts’ price target is $25.25)