Three Percent Trade Idea: Go long VLDR
Here is a great opportunity to go long on VLDR .
Velodyne is the established market leader of Lidar, with excellent industry-leading strategic investors in Ford, Baidu, Nikon and Hyundai Mobis. They also have production/manufacturing partnerships with Veoneer, fabrinet and Nikon to address growing demand.
Velodyne is projected to see robust revenue growth of 60% this year and hit full-year profitibility as soon as 2022. CEO estimates 100m in sales this year and sees that figure rising to 680m by 2024.
What makes Velodyne such an attractive long term investment is that they HAVE 70% of market share, 25+ new market segments outside of automotive (Robotics, Mapping, Shuttles, Smart City, Delivery, etc), global sales, and mass scale manufacturing.
We expect there to be more customers, analyst upgrades, and PRs in the near future.
This is a compelling investment opportunity especially at these price levels long term.
Velodyne is the established market leader of Lidar, with excellent industry-leading strategic investors in Ford, Baidu, Nikon and Hyundai Mobis. They also have production/manufacturing partnerships with Veoneer, fabrinet and Nikon to address growing demand.
Velodyne is projected to see robust revenue growth of 60% this year and hit full-year profitibility as soon as 2022. CEO estimates 100m in sales this year and sees that figure rising to 680m by 2024.
What makes Velodyne such an attractive long term investment is that they HAVE 70% of market share, 25+ new market segments outside of automotive (Robotics, Mapping, Shuttles, Smart City, Delivery, etc), global sales, and mass scale manufacturing.
We expect there to be more customers, analyst upgrades, and PRs in the near future.
This is a compelling investment opportunity especially at these price levels long term.
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