Ouster Q2: Why The Selloff Doesn't Add Up And Why $23 Per Share Remains A Target [Seeking Alpha]
Ouster, Inc. (OUST)
Company Research
Source: Seeking Alpha
1.42K Follower s Follow Summary Ouster, Inc. delivered record results in Q2 with revenue of $26.99M, but the stock sold off due to weak guidance. Despite the selloff, Ouster remains on track for steady growth and profitability, with strong gross margins and cash reserves. Analyst predicts Ouster to reach cash flow positive and profitability by 2026, setting a price target of $23 per share for 2025. DNY59 Ouster, Inc. NYSE: OUST ) has delivered record results for yet another record quarter. The company stands out among smoldering ruins of broken promises and poor deliveries made by other Lidar companies, but sometimes, the predictability of logic does not work. Despite the fantastic results in the background of the other mediocre outcomes, Ouster was sold quoting weak guidance I will explain the root cause and review it. Before I delve into the details, I want to start by stating that my recommendation of $23 per share for 2025 will remain unchanged. I will explain why
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OUST
News
- Ouster, Inc. (OUST) Laps the Stock Market: Here's Why [Yahoo! Finance]Yahoo! Finance
- Ouster Announces Date for Third Quarter 2024 Earnings CallBusiness Wire
- Ouster, Inc. (NYSE: OUST) had its "neutral" rating re-affirmed by analysts at Cantor Fitzgerald. They now have a $12.00 price target on the stock.MarketBeat
- Ouster: How LIDAR Technology Could Be The Heavy-Duty Detergent Of The 21st Century [Seeking Alpha]Seeking Alpha
- United States Lidar Sensors Market Competition, Forecast & Opportunities, 2019-2023 & 2024-2029: Miniaturization and Form Factor Innovations & Integration of Lidar with Other Sensing Technologies [Yahoo! Finance]Yahoo! Finance
OUST
Sec Filings
- 11/5/24 - Form 8-K
- 11/4/24 - Form SC
- 11/4/24 - Form SC
- OUST's page on the SEC website