In this article, we will look at the 8 Best Lidar Stocks to Buy According to Analysts.
LiDAR (light detection and ranging) is emerging as one of the most intriguing developments of the 21st century, even as focus remains on artificial intelligence. The technology’s edge stems from its ability to detect nearby objects and processes. Consequently, it has found great use in autonomous driving, enhanced driver assistance systems, and 3D data for urban planning applications.
While the market for LiDAR technology was valued at $3.11 billion in 2025, it is projected to reach $44.51 billion by 2035, growing at a compound annual growth rate of 30.7%. The robust growth comes amid enhanced automated processing capabilities enabled by LiDAR scanners and systems. The increasing need for 3D imagery for topographical surveys, military and defense applications, civil engineering, and corridor mapping is also accelerating growth.
Amid underlying growth, stocks of companies with exposure to LiDAR technology are also attracting strong market interest. The heightened volatility stems from the technology’s massive growth potential.
Nevertheless, there is also a significant gap between established market leaders in LiDAR technology and struggling early-stage firms. Nonetheless, with the broader market showing growing demand for the technology in Industrial AI and automotive, there is still room for growth. With that in mind, let’s take a look at some of the Best LiDAR stocks to buy according to analysts.
Our Methodology
To select our 8 best lidar stocks to buy according to analysts, we sifted through industry publications and scanned financial media reports to identify companies with significant exposure to the lidar market. We looked for companies that manufacture lidar products or components, integrate lidar tech into other products, or offer lidar-related solutions. We ended up with dozens of stocks in our initial list and applied additional filters to pick out the best. We looked for stocks with at least 10% upside potential (as of April 28) and that are favored by hedge funds. The hedge fund data was sourced from Insider Monkey’s database as of Q4 2025. Finally, we ranked the stocks based on their price upside potential.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research shows we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 498.7% since May 2014, beating its benchmark by 303 percentage points (see more details here).
Best Lidar Stocks to Buy According to Analysts
8. Teledyne Technologies Inc (NYSE:TDY)
Stock Upside Potential: 11.75%
Number of Hedge Fund Holders: 60
Teledyne Technologies Inc (NYSE:TDY) is among the best lidar stocks to buy according to analysts. Teledyne Technologies Inc continues to strengthen its product portfolio with additional capabilities. On April 28, Teledyne’s Teledyne FLIR OEM unit announced the launch of counter-drone software, expanding its drone threat detection and response solutions.
This software blends thermal infrared image processing and AI-powered perception to detect small drones quickly and more accurately. The company said this capability helps maximize time to respond with counter-drone measures. Teledyne notes that unauthorized drone activity is increasingly becoming a security issue, citing drone incursions near US airports and drone flights near the US-Mexico border.
Separately, on April 28, Teledyne FLIR Defense announced strengthening its unmanned aerial system with lidar mapping capabilities. It explained that this capability addition addresses connectivity gaps in situations where GPS signals may be unavailable.
On April 23, BNP Paribas Exane raised its price target on Teledyne Technologies to $750 from $705 while reiterating an Outperform rating. For this action, the firm pointed to Teledyne’s strong Q1 results and raised guidance.
Teledyne released its Q1 results on April 22, posting EPS of $5.80, above the expected $5.47. Revenue of $1.56 billion increased 7.6% YoY and exceeded the anticipated $1.52 billion. The solid Q1 results led the company to boost its full-year 2026 outlook. It now anticipates GAAP EPS between $20.08 and $20.44. The prior guidance called for EPS in the band of $19.76 to $20.22.
Teledyne Technologies Inc, founded in 1960 and based in California, is an industrial conglomerate specializing in digital imaging, aerospace and defense electronics, and engineered systems. Through its Teledyne Optech subsidiary, the company offers lidar solutions for surveying, inspection, and mapping applications.
7. Hesai Group (NASDAQ:HSAI)
Stock Upside Potential: 32.30%
Number of Hedge Fund Holders: 24
Hesai Group (NASDAQ:HSAI) is among the best lidar stocks to buy according to analysts. The stock has gained more than 30% over the past month and more than 50% over the past 12 months.
At its 2026 Technology Open Day on April 20, Hesai Group – ADR unveiled its latest generation of lidar technologies. The list included a lidar chip capable of detecting color, representing a breakthrough in the company’s lidar development.
The new ETX lidar series is built on the company’s Picasso chip platform. Hesai said its ETX series lidar offers ultra-long-range detection along with high-resolution perception. As a result, it allows vehicles fitted with it to see farther and capture more detail.
The company said its color-capable lidar delivers industry-leading range and small-object detection capabilities. This lidar chip is built for L3 and above autonomous driving, the company added.
Mass production of the ETX lidar is expected to begin in the second half of 2026. Hesai said its color-capable lidar chip will be adopted in multiple flagship vehicle models. At present, Hesai has secured production design deals with 40 automotive brands covering more than 160 models.
Hesai is China’s top lidar maker. It controlled 40% of the Chinese market share at the end of 2025. It continued to capture more market share in the months that followed, reaching 51% in February 2026. Beyond the automotive segment, Hesai is pursuing growth in other markets like robotics.
On March 24, Hesai announced that it was raising its 2026 lidar shipments to between 3 million and 3.5 million units. The company guided its Q1 2026 revenue in the band of $93 million to $100 million, reflecting a year-over-year growth of 24% – 33%.
Hesai Group develops and manufactures 3D lidar sensors for a variety of applications. The company is known for its high-performance and cost-effective sensors. Hesai Group’s lidar products and sensors are used in autonomous vehicles, advanced driver assistance systems (ADAS), and industrial robotics.
6. Trimble Inc (NASDAQ:TRMB)
Stock Upside Potential: 35.96%
Number of Hedge Fund Holders: 44
Trimble Inc (NASDAQ:TRMB) is among the best lidar stocks to buy according to analysts. On April 9, KeyBanc reiterated its Overweight rating on Trimble Inc stock with a price target of $94. The firm renewed its bullish stance on Trimble stock after meeting the company’s management for discussions that touched on Trimble’s AI positioning and other topics.
The meeting took place at Trimble’s headquarters in Westminster, Colorado. The KeyBanc team, led by analyst Jason Celino, met Trimble’s chief executive, chief financial officer, segment heads, and agentic AI platform director.
The meeting gave KeyBanc greater clarity on how the company is positioned against AI disruption risk. The firm’s takeaway was that Trimble is exceeding expectations in its AI development. In this light, KeyBanc feels more confident about Trimble’s growth and cross-selling opportunities in its FS and AECO segments.
Prior to KeyBanc’s meeting with the Trimble management, the company had announced an acquisition aimed at bolstering its AI-focused business. On April 2, Trimble said that it would acquire Document Crunch in a transaction expected to close in Q2 2026. Crunch uses AI to analyze construction documents to identify risks. Once the acquisition is closed, Crunch will be part of Trimble’s AECO segment. Mark Schwartz, the head of the AECO segment, commented that Crunch would bolster Trimble’s Construction One Suite.
Trimble Inc, based in Colorado, is a software, hardware, and services company. It provides software solutions that make lidar data usable for professionals in industries like surveying, mapping, and construction. The company was founded in 1978.
5. Ouster Inc (NASDAQ:OUST)
Stock Upside Potential: 37.31%
Number of Hedge Fund Holders: 23
Ouster Inc (NASDAQ:OUST) is among the best lidar stocks to buy according to analysts. The stock has gained more than 50% in the past month and surged nearly 230% over the past 12 months.
On April 28, Oppenheimer named Ouster Inc among its top industrial AI stocks to watch. The firm’s list highlighted opportunities in sensor systems, intelligent transport, and battery technology. Ouster builds digital lidar sensors with broad industrial applications. According to Oppenheimer, the companies on its list stand to benefit from defense spending and manufacturing-driven growth.
Oppenheimer has an Overweight rating on Ouster with a price target of $39. It expects the company to deliver Q1 2026 revenue of $45.7 million, which falls within the company’s guidance of between $45 million and $48 million.
The firm noted Ouster’s deals for lidar deployment in major US cities to improve traffic management. Moreover, Oppenheimer expects the StereoLabs acquisition to become a major contributor to Ouster’s topline over time.
Ouster closed the acquisition of StereoLabs on February 4. It said that StereoLabs brought more than 10,000 customers alongside AI vision solutions and expanded software capabilities. Moreover, it noted that StereoLabs’ is a high-growth and positive-EBITDA business, saying the acquisition would bolster its path to profitability. Ouster sees an expanding addressable market for its lidar business.
Ouster Inc, founded in 2015 and based in California, provides digital lidar sensors. The company develops high-resolution 3D lidar sensors used in areas such as vehicle autonomy, defense, mapping, security, and industrial applications.
4. Aeva Technologies Inc (NASDAQ:AEVA)
Stock Upside Potential: 58.73%
Number of Hedge Fund Holders: 25
Aeva Technologies Inc (NASDAQ:AEVA) is among the best lidar stocks to buy according to analysts. This lidar stock has gained more than 25% in the past month and 125% in the past 12 months.
On April 28, Oppenheimer highlighted several industrial AI stocks poised for growth, driven by rising defense spending and a push for domestic manufacturing, with opportunities spanning battery tech, sensor systems, and intelligent transportation. The firm gave Aeva Technologies an Outperform rating and a $33 price target, citing its FMCW lidar’s unique advantage of being undetectable to night vision, potentially replacing existing military sensors, along with the rollout of its CityOS platform in Atlanta as proof of commercial viability. Oppenheimer also sees AEVA’s fiscal 2026 revenue guidance of $30–36 million as achievable through sampling, engineering services, and early commercial deployments.
After a strong 2025, Aeva Technologies expects momentum to continue, forecasting 2026 revenue growth of 70%–100% to $30–36 million. The company more than doubled revenue to $18.1 million in 2025, driven by rising demand for its lidar technology, while narrowing its losses to an adjusted $1.75 per share from $2.17 in 2024. Aeva also ended the year with a solid cash position of $121.9 million plus $125 million in available facilities, and CEO Soroush Salehian highlighted a key supply deal with a major European automaker as a strong foundation for growth in 2026.
Aeva also has a contract to supply Forterra with a 4D lidar sensor for use in autonomous defense vehicles, the management said. Additionally, a top-five automaker in the passenger vehicle segment has tapped Aeva to join its development program.
Aeva Technologies Inc makes lidar sensors used in a variety of applications, including autonomous vehicles and robots, manufacturing automation, and smart infrastructure. The company was founded in 2016, is based in California, and serves customers worldwide.
3. Mobileye Global Inc (NASDAQ:MBLY)
Stock Upside Potential: 64.34%
Number of Hedge Fund Holders: 41
Mobileye Global Inc (NASDAQ:MBLY) is among the best lidar stocks to buy according to analysts. The stock has gained more than 30% in the past month.
On April 23, Mobileye Global Inc reported its Q1 2026 results. The report showed that revenue rose 27% YoY to $558 million. This growth was driven by strong demand for the company’s EyeQ solution.
However, Mobileye faced a non-cash goodwill impairment of $3.8 billion in the quarter. That led it to posting a GAAP net loss of a similar amount. On an adjusted basis, the company posted a net income of $96 million, working out to an adjusted EPS of $0.12.
Mobileye announced a $250 million share repurchase plan. The company closed Q1 with $1.21 billion in cash and cash equivalents.
Mobileye builds lidar-based systems that power autonomous driving. The company initially developed its lidar internally. However, it later figured out that sourcing lidar from third-party suppliers worked better for its business strategy.
For the full-year 2026, the company projects revenue in the range of $1.94 billion to $2 billion. It anticipates adjusted operating income in the band of $185 million to $235 million. Notably, Mobileye lifted the mid-point of its 2026 revenue guidance by 2%. This came after the company announced securing design wins with Mahindra for its SuperVision and Surround ADAS products.
Mobileye Global Inc, headquartered in Israel but domiciled in the US, provides autonomous driving technologies. These include self-driving and advanced driver-assistance systems. Its systems incorporate lidar sensors.
2. Indie Semiconductor Inc (NASDAQ:INDI)
Stock Upside Potential: 70.12%
Number of Hedge Fund Holders: 20
Indie Semiconductor Inc (NASDAQ:INDI) is among the best lidar stocks to buy according to analysts. This lidar semiconductor stock is up around 30% in the past month and has soared more than 95% over the past 12 months.
Indie Semiconductor Inc is scheduled to report its Q1 2026 results on May 7. Internal projections call for revenue between $52 million and $58 million, with a midpoint of $55 million.
For this Q1, Indie anticipates a 20% sequential revenue growth in its core business. That puts the revenue figure in the main business at $34 million at the midpoint. On the other hand, the company anticipates a revenue decline in its Wuxi indie Micro subsidiary to $21 million in Q1.
For context, Indie announced on October 28, 2025, that it was selling its stake in Wuxi Indie Micro. Based in China, Wuxi Indie Micro is a leading provider of mixed-signal chips to the automotive industry.
Indie has an equity stake of around 34.4% in Wuxi Indie Micro. It wants to sell that entire stake for around $135 million in cash. A company named United Faith Auto-Engineering agreed to purchase Indie’s stake in Wuxi Indie Micro. The transaction is expected to close in late 2026, subject to regulatory approvals.
While Indie has decided to sell its stake in Wuxi Indie Micro, the company is not exiting the Chinese market. Mark Tyndall, Indie’s executive vice president of corporate development, said their China operation is supported by a strong and well-established sales channel.
Meanwhile, Indie continues to expand its product portfolio. On March 23, the company announced the launch of its first ultraviolet laser diode for quantum computing systems. With this laser device, Indie targets the market of quantum computers based on cold-atom. These systems require multiple lasers to support functions like cooling, trapping, and entanglement.
Indie Semiconductor Inc provides specialized automotive chips and software to a global customer base. It also develops lidar solutions with broad applications. Indie’s technology powers autonomous vehicles, advanced driver assistance systems, connected cars, and more.
1. Aeye Inc (NASDAQ:LIDR)
Stock Upside Potential: 116.05%
Number of Hedge Fund Holders: 3
Aeye Inc (NASDAQ:LIDR) is among the best lidar stocks to buy according to analysts. The lidar stock has risen more than 20% in the past month and surged more than 180% over the past 12 months.
On April 23, Aeye Inc announced the hiring of Paul Berton as its vice president of operations and quality. Paul Berton previously worked for electric vehicle maker Lucid Motors, iPhone maker Apple, and chip giant Intel. At Lucid Motors, Berton led engineering and manufacturing in an engine computer unit.
At Aeye, Berton will be responsible for scaling of global manufacturing, strengthening of the supply chain, and bolstering quality systems. Aeye said in a statement that Berton brings extensive experience in scaling complex programs and working with global contract manufacturers. Aeye offered Berton some 125,000 restricted stock units as an inducement to accept the job.
Notably, this hire comes as Aeye seeks to expand its lidar technology to multiple markets. On January 14, Aeye announced that it was partnering with Vueron to enhance its lidar’s perception capabilities. Aeye explained that this arrangement involved combining its Apollo lidar technology with Vueron’s real-time 3D perception software.
With this collaboration, Aeye expects an expanded market opportunity for its lidar solutions. The company cited applications in areas like autonomous driving, intelligent transportation systems, rail safety, and perimeter security.
Aeye Inc provides software-defined lidar solutions used in autonomous driving, smart infrastructure, security, and logistics applications. Its lidar sensing platform enables long-range and real-time detection of objects up to 1.5 kilometers. Based in California, Aeye was founded by aerospace veterans in 2013.
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