- The shares of Ouster Inc (NYSE: OUST) have received a $17 price target by Citi. These are the details.
The shares of Ouster Inc (NYSE: OUST) have received a $17 price target by Citi. And Citi analyst Itay Michaeli initiated coverage of Ouster with a “Buy” rating.
Michaeli cited Ouster’s leading position in non-auto verticals. And there were 3 key factors for lira stocks highlighted in the Citi report, which included 1.) penetration within the auto/AV and non-auto markets 2.) the evolution of the competitive landscape, and 3.) the software and data opportunities.
Plus Michaeli noted that Ouster’s customer funnel grew significantly in the fourth quarter. And its auto market share is expected to increase going forward.
As a result, Michaeli believes that the valuation of Ouster is disconnected from its leading position in the market.
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