Tech spin-off Velodyne Lidar (NASDAQ: VLDR) was one of yesterday’s biggest gainers.
Because of this substantial surge, we thought it would be helpful to explain how to buy Velodyne Lidar shares.
So, to find out what Velodyne Lidar is, its investment prospects, and where to buy VLDR stock, simply scroll down to get started.
Where to buy Velodyne Lidar stock online
The best place to buy Velodyne Lidar stock in the UK and elsewhere is a reliable, low-fee online stockbroker.
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What is Velodyne Lidar?
The company was originally part of Velodyne Acoustics, which was founded in 1983. However, in 2016, it was spun-out to form Velodyne Lidar as we know it today.
It is a light detection and ranging (lidar) tech company that is headquartered in San Jose, California. With over 500 employees and over $10 million in annual revenue, the company has been growing steadily since its inception.
Why is VLDR stock on the rise?
Because of its recent inclusion in the Russell 2000 index. Moreover, some feel the influence of Reddit investors will drive VLDR shares even higher.
Should I buy VLDR stock?
If you are looking for a moderately risky growth stock that still has strong fundamental value, Velodyne Lidar could be the company for you.
Just make sure you never invest money to can’t afford to lose and that you conduct the necessary due diligence to inform your investment.
VLDR price prediction
Our VLDR price target is in line with the consensus of the top analysts: a 12-month median high of $14 with a high of $30. However, Reddit investors could create unexpected volatility, so make sure to keep an eye out.