Luna Innovations (LUNA) Stock Forecast, Price Target & Predictions

LUNA Stock Forecast

Luna Innovations stock forecast is as follows: an average price target of $10.00 (represents a 545.16% upside from LUNA’s last price of $1.55) and a rating consensus of 'Buy', based on 2 wall street analysts offering a 1-year stock forecast.

LUNA Price Target

The average price target for Luna Innovations (LUNA) is $10.00 based on 1-year price targets from 2 Wall Street analysts in the past 3 months, with a price target range of $10.00 to $10.00. This represents a potential 545.16% upside from LUNA's last price of $1.55.

LUNA Analyst Ratings

Buy

According to 2 Wall Street analysts, Luna Innovations's rating consensus is 'Buy'. The analyst rating breakdown for LUNA stock is 0 'Strong Buy' (0.00%), 2 'Buy' (100.00%), 0 'Hold' (0.00%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).

Luna Innovations Price Target by Analyst

Date	Analyst	Company	Price Target	Price when Published	Price Target/Price when Published	Price Target/Last Closing Price
May 22, 2023	Alex Henderson	Needham	$10.00	$8.54	17.10%	545.16%

The latest Luna Innovations stock forecast, released on May 22, 2023 by Alex Henderson from Needham, set a price target of $10.00, which represents a 17.10% increase from the stock price at the time of the forecast ($8.54), and a 545.16% increase from LUNA last price ($1.55).

Luna Innovations Price Target by Period

	1M	3M	12M
# Anlaysts	-	-	-
Avg Price Target	-	-	-
Last Closing Price	$1.55	$1.55	$1.55
Upside/Downside	-100.00%	-100.00%	-100.00%

In the current month, the average price target of Luna Innovations stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Luna Innovations's last price of $1.55. This month's average price target is down NaN% compared to last quarter, and down NaN% compared to last year.

Analyst Ratings Upgrades/Downgrades

Date	Company	Previous Rating	New Rating	Rating Change
May 22, 2023	Needham		Buy	Initialise
Nov 11, 2022	B. Riley Securities	Buy	Buy	Hold

Luna Innovations's last stock rating was published by Needham on May 22, 2023. The company Initialise its LUNA rating from "null" to "Buy".

Luna Innovations Financial Forecast

Luna Innovations Revenue Forecast

	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19	Jun 19	Mar 19	Mar 18	Mar 17
Revenue	-	-	-	-	-	-	-	-	-	$30.70M	$29.16M	$25.05M	$31.70M	$29.15M	$26.16M	$22.48M	$24.22M	$20.33M	$27.94M	$26.30M	$25.91M	$21.05M	$18.58M	$17.14M	$19.48M	$18.42M	$17.81M	$14.83M	$12.19M	$13.12M
Avg Forecast	$58.63M	$50.42M	$43.98M	$36.54M	$50.76M	$43.84M	$38.58M	$28.65M	$36.78M	$31.36M	$29.78M	$24.32M	$32.93M	$29.06M	$26.09M	$21.23M	$23.67M	$30.04M	$28.91M	$26.90M	$24.46M	$20.61M	$18.38M	$16.95M	$18.15M	$17.73M	$15.62M	$13.03M	$16.46M	$2.62M
High Forecast	$58.63M	$50.42M	$43.98M	$36.54M	$50.76M	$43.84M	$38.58M	$28.65M	$37.55M	$31.36M	$29.78M	$24.32M	$32.93M	$29.06M	$26.09M	$21.23M	$23.67M	$30.04M	$28.91M	$26.90M	$24.46M	$20.61M	$18.38M	$16.95M	$18.15M	$17.73M	$15.62M	$13.03M	$19.75M	$3.15M
Low Forecast	$58.63M	$50.42M	$43.98M	$36.54M	$50.76M	$43.84M	$38.58M	$28.65M	$35.71M	$31.36M	$29.78M	$24.32M	$32.93M	$29.06M	$26.09M	$21.23M	$23.67M	$30.04M	$28.91M	$26.90M	$24.46M	$20.61M	$18.38M	$16.95M	$18.15M	$17.73M	$15.62M	$13.03M	$13.17M	$2.10M
# Analysts	1	1	1	1	1	1	1	1	2	1	1	1	1	1	1	1	2	2	2	2	10	16	9	10	8	8	11	8	18	14
Surprise %	-	-	-	-	-	-	-	-	-	0.98%	0.98%	1.03%	0.96%	1.00%	1.00%	1.06%	1.02%	0.68%	0.97%	0.98%	1.06%	1.02%	1.01%	1.01%	1.07%	1.04%	1.14%	1.14%	0.74%	5.00%

Luna Innovations's average Quarter revenue forecast for Dec 23 based on 2 analysts is $36.78M, with a low forecast of $35.71M, and a high forecast of $37.55M. LUNA's average Quarter revenue forecast represents a 19.78% increase compared to the company's last Quarter revenue of $30.70M (Sep 23).

Luna Innovations EBITDA Forecast

	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19	Jun 19	Mar 19	Mar 18	Mar 17
# Analysts	1	1	1	1	1	1	1	1	2	1	1	1	1	1	1	1	2	2	2	2	10	16	9	10	8	8	11	8	18	14
EBITDA	-	-	-	-	-	-	-	-	-	$2.62M	$-558.00K	$-623.00K	$1.47M	$2.85M	$-2.41M	$-1.17M	$2.23M	$1.84M	$117.00K	$426.00K	$1.43M	$3.03M	$2.49M	$-299.00K	$2.45M	$2.23M	$1.64M	$-110.77K	$498.66K	$-308.24K
Avg Forecast	$2.77M	$2.38M	$2.08M	$1.72M	$2.40M	$2.07M	$1.82M	$1.35M	$1.74M	$1.48M	$1.41M	$1.15M	$1.55M	$1.84M	$1.65M	$1.35M	$1.50M	$1.91M	$1.83M	$536.76K	$1.55M	$1.31M	$1.17M	$-299.00K	$1.15M	$1.12M	$1.64M	$826.08K	$673.19K	$-832.24K
High Forecast	$2.77M	$2.38M	$2.08M	$1.72M	$2.40M	$2.07M	$1.82M	$1.35M	$1.77M	$1.48M	$1.41M	$1.15M	$1.55M	$1.84M	$1.65M	$1.35M	$1.50M	$1.91M	$1.83M	$644.11K	$1.55M	$1.31M	$1.17M	$-239.20K	$1.15M	$1.12M	$1.96M	$826.08K	$807.83K	$-665.79K
Low Forecast	$2.77M	$2.38M	$2.08M	$1.72M	$2.40M	$2.07M	$1.82M	$1.35M	$1.69M	$1.48M	$1.41M	$1.15M	$1.55M	$1.84M	$1.65M	$1.35M	$1.50M	$1.91M	$1.83M	$429.41K	$1.55M	$1.31M	$1.17M	$-358.80K	$1.15M	$1.12M	$1.31M	$826.08K	$538.55K	$-998.68K
Surprise %	-	-	-	-	-	-	-	-	-	1.77%	-0.40%	-0.54%	0.95%	1.55%	-1.46%	-0.87%	1.49%	0.97%	0.06%	0.79%	0.92%	2.32%	2.14%	1.00%	2.13%	1.98%	1.00%	-0.13%	0.74%	0.37%

2 analysts predict LUNA's average Quarter EBITDA for Dec 23 to be $1.74M, with a high of $1.77M and a low of $1.69M. This is -33.72% lower than Luna Innovations's previous annual EBITDA (Sep 23) of $2.62M.

Luna Innovations Net Income Forecast

	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19	Jun 19	Mar 19	Mar 18	Mar 17
# Analysts	1	1	1	1	1	1	1	1	2	1	1	1	1	1	1	1	2	2	2	2	10	16	9	10	8	8	11	8	18	14
Net Income	-	-	-	-	-	-	-	-	-	$461.00K	$-1.04M	$-1.84M	$853.00K	$1.20M	$-2.94M	$-1.34M	$1.48M	$355.00K	$-230.00K	$-318.00K	$-64.00K	$3.10M	$1.37M	$-1.12M	$2.15M	$1.23M	$840.29K	$1.13M	$148.68K	$-1.36M
Avg Forecast	$7.40M	$4.93M	$2.82M	$704.37K	$5.28M	$3.52M	$1.76M	$528.28K	$4.75M	$2.51M	$1.77M	$50.33M	$3.26M	$2.15M	$1.06M	$25.87M	$638.34K	$1.81M	$1.83M	$-400.68K	$2.55M	$1.85M	$792.42K	$-1.12M	$1.50M	$1.23M	$840.29K	$-117.38K	$200.71K	$-3.66M
High Forecast	$7.40M	$4.93M	$2.82M	$704.37K	$5.94M	$3.52M	$1.76M	$528.28K	$5.43M	$2.52M	$1.77M	$50.33M	$3.26M	$2.15M	$1.06M	$31.04M	$638.34K	$1.81M	$1.83M	$-320.54K	$2.55M	$1.85M	$792.42K	$-892.80K	$1.50M	$1.23M	$1.01M	$-117.38K	$240.85K	$-2.93M
Low Forecast	$7.40M	$4.93M	$2.82M	$704.37K	$4.95M	$3.52M	$1.76M	$528.28K	$4.41M	$2.51M	$1.77M	$50.33M	$3.26M	$2.15M	$1.06M	$20.69M	$638.34K	$1.81M	$1.83M	$-480.82K	$2.55M	$1.85M	$792.42K	$-1.34M	$1.50M	$1.23M	$672.23K	$-117.38K	$160.57K	$-4.39M
Surprise %	-	-	-	-	-	-	-	-	-	0.18%	-0.59%	-0.04%	0.26%	0.56%	-2.79%	-0.05%	2.31%	0.20%	-0.13%	0.79%	-0.03%	1.68%	1.73%	1.00%	1.43%	1.00%	1.00%	-9.59%	0.74%	0.37%

Luna Innovations's average Quarter net income forecast for Dec 23 is $4.75M, with a range of $4.41M to $5.43M. LUNA's average Quarter net income forecast represents a 930.96% increase compared to the company's last Quarter net income of $461.00K (Sep 23).

Luna Innovations SG&A Forecast

	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19	Jun 19	Mar 19	Mar 18	Mar 17
# Analysts	1	1	1	1	1	1	1	1	2	1	1	1	1	1	1	1	2	2	2	2	10	16	9	10	8	8	11	8	18	14
SG&A	-	-	-	-	-	-	-	-	-	$12.83M	$13.44M	$13.30M	$15.02M	$12.66M	$15.76M	$14.10M	$10.54M	$9.67M	$13.14M	$11.29M	$8.56M	$6.50M	$6.20M	$6.38M	$6.41M	$5.75M	$6.00M	$6.21M	$3.81M	$4.50M
Avg Forecast	$24.07M	$20.70M	$18.05M	$15.00M	$20.84M	$18.00M	$15.84M	$11.76M	$15.10M	$12.87M	$12.22M	$9.98M	$13.52M	$11.93M	$10.71M	$8.71M	$9.71M	$12.33M	$11.87M	$14.23M	$10.04M	$8.46M	$7.55M	$6.38M	$7.45M	$7.28M	$6.00M	$5.35M	$5.14M	$1.08M
High Forecast	$24.07M	$20.70M	$18.05M	$15.00M	$20.84M	$18.00M	$15.84M	$11.76M	$15.41M	$12.87M	$12.22M	$9.98M	$13.52M	$11.93M	$10.71M	$8.71M	$9.71M	$12.33M	$11.87M	$17.07M	$10.04M	$8.46M	$7.55M	$7.65M	$7.45M	$7.28M	$7.20M	$5.35M	$6.17M	$1.29M
Low Forecast	$24.07M	$20.70M	$18.05M	$15.00M	$20.84M	$18.00M	$15.84M	$11.76M	$14.66M	$12.87M	$12.22M	$9.98M	$13.52M	$11.93M	$10.71M	$8.71M	$9.71M	$12.33M	$11.87M	$11.38M	$10.04M	$8.46M	$7.55M	$5.10M	$7.45M	$7.28M	$4.80M	$5.35M	$4.11M	$861.61K
Surprise %	-	-	-	-	-	-	-	-	-	1.00%	1.10%	1.33%	1.11%	1.06%	1.47%	1.62%	1.09%	0.78%	1.11%	0.79%	0.85%	0.77%	0.82%	1.00%	0.86%	0.79%	1.00%	1.16%	0.74%	4.17%

Luna Innovations's average Quarter SG&A projection for Dec 23 is $15.10M, based on 2 Wall Street analysts, with a range of $14.66M to $15.41M. The forecast indicates a 17.68% rise compared to LUNA last annual SG&A of $12.83M (Sep 23).

Luna Innovations EPS Forecast

	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19	Jun 19	Mar 19	Mar 18	Mar 17
# Analysts	1	1	1	1	1	1	1	1	2	1	1	1	1	1	1	1	2	2	2	2	10	16	9	10	8	8	11	8	18	14
EPS	-	-	-	-	-	-	-	-	-	$0.01	$-0.03	$-0.06	$0.02	$0.04	$-0.09	$-0.04	$0.05	$0.01	$-0.01	$-0.01	$-0.00	$0.10	$0.04	$-0.04	$0.07	$0.04	$0.03	$0.04	$0.01	$-0.05
Avg Forecast	$0.21	$0.14	$0.08	$0.02	$0.15	$0.10	$0.05	$0.01	$0.13	$0.07	$0.05	$1.43	$0.09	$0.06	$0.03	$0.02	$0.02	$0.05	$0.05	$0.04	$0.07	$0.05	$0.02	$0.02	$0.04	$0.04	$0.01	$-0.00	$0.03	$-0.03
High Forecast	$0.21	$0.14	$0.08	$0.02	$0.17	$0.10	$0.05	$0.01	$0.15	$0.07	$0.05	$1.43	$0.09	$0.06	$0.03	$0.02	$0.02	$0.05	$0.05	$0.04	$0.07	$0.05	$0.02	$0.02	$0.04	$0.04	$0.01	$-0.00	$0.03	$-0.02
Low Forecast	$0.21	$0.14	$0.08	$0.02	$0.14	$0.10	$0.05	$0.01	$0.13	$0.07	$0.05	$1.43	$0.09	$0.06	$0.03	$0.02	$0.02	$0.05	$0.05	$0.04	$0.07	$0.05	$0.02	$0.02	$0.04	$0.04	$0.01	$-0.00	$0.02	$-0.03
Surprise %	-	-	-	-	-	-	-	-	-	0.14%	-0.61%	-0.04%	0.22%	0.66%	-3.02%	-2.68%	2.54%	0.19%	-0.19%	-0.22%	-0.03%	1.90%	1.78%	-2.29%	1.65%	1.14%	3.00%	-12.00%	0.33%	1.67%

According to 2 Wall Street analysts, Luna Innovations's projected average Quarter EPS for Dec 23 is $0.13, with a low estimate of $0.13 and a high estimate of $0.15. This represents a 1249.50% increase compared to LUNA previous annual EPS of $0.01 (Sep 23).

Luna Innovations Peer Comparison by Price Target

Ticker	Company	Last Closing Price	Avg Price Target	Upside/Downside	Avg Rating
LUNA	Luna Innovations	$1.65	$10.00	506.06%	Buy
GNSS	Genasys	$2.57	$4.50	75.10%
FTV	Fortive	$75.73	$87.00	14.88%	Buy
VPG	Vishay Precision Group	$23.82	$27.00	13.35%
ITRI	Itron	$111.58	$120.00	7.55%	Buy
NOVT	Novanta	$165.65	$175.00	5.64%	Buy
ESE	ESCO	$137.83	$145.00	5.20%	Buy
BMI	Badger Meter	$227.18	$221.33	-2.58%	Hold
MLAB	Mesa Laboratories	$132.33	$120.00	-9.32%	Buy

LUNA Forecast FAQ

Is Luna Innovations a good buy?

Yes, according to 2 Wall Street analysts, Luna Innovations (LUNA) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 2 'Buy' recommendations, accounting for 100.00% of LUNA's total ratings.

What is LUNA's price target?

Luna Innovations (LUNA) average price target is $10 with a range of $10 to $10, implying a 545.16% from its last price of $1.55. The data is based on 2 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

Will Luna Innovations stock go up soon?

According to Wall Street analysts' prediction for LUNA stock, the company can go up by 545.16% (from the last price of $1.55 to the average price target of $10), up by 545.16% based on the highest stock price target, and up by 545.16% based on the lowest stock price target.

Can Luna Innovations stock reach $2?

LUNA's average twelve months analyst stock price target of $10 supports the claim that Luna Innovations can reach $2 in the near future.

What are Luna Innovations's analysts' financial forecasts?

Luna Innovations's analysts financial forecasts for the fiscal year (Dec 2024) are as follows: average revenue is $161.84M (high $161.84M, low $161.84M), average EBITDA is $7.64M (high $7.64M, low $7.64M), average net income is $11.09M (high $11.75M, low $10.76M), average SG&A $66.43M (high $66.43M, low $66.43M), and average EPS is $0.315 (high $0.334, low $0.306). LUNA's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $189.57M (high $189.57M, low $189.57M), average EBITDA is $8.95M (high $8.95M, low $8.95M), average net income is $15.85M (high $15.85M, low $15.85M), average SG&A $77.82M (high $77.82M, low $77.82M), and average EPS is $0.45 (high $0.45, low $0.45).

Did the LUNA's actual financial results beat the analysts' financial forecasts?

Based on Luna Innovations's last annual report (Dec 2022), the company's revenue was $109.5M, beating the average analysts forecast of $109.3M by 0.18%. Apple's EBITDA was $3.78M, missing the average prediction of $6.4M by -40.90%. The company's net income was $-2.3M, missing the average estimation of $32.33M by -107.11%. Apple's SG&A was $57.54M, beating the average forecast of $44.87M by 28.25%. Lastly, the company's EPS was $-0.0706, missing the average prediction of $0.199 by -135.47%. In terms of the last quarterly report (Sep 2023), Luna Innovations's revenue was $30.7M, missing the average analysts' forecast of $31.36M by -2.09%. The company's EBITDA was $2.62M, beating the average prediction of $1.48M by 76.95%. Luna Innovations's net income was $461K, missing the average estimation of $2.51M by -81.66%. The company's SG&A was $12.83M, missing the average forecast of $12.87M by -0.34%. Lastly, the company's EPS was $0.01, missing the average prediction of $0.0714 by -85.99%