IB Net Payout Yields Model

Ouster: Built To Survive And Thrive

Update - April 3 2024

Ouster is holding strong at $10 despite the analyst downgrade. 

  • Chardan Research downgraded Ouster (NYSE:OUST) to a Neutral rating on Wednesday after having the stock set at Buy.
  • Analyst Brian Dobson said the firm is moving to the sidelines with the lidar technology stock closing in on the $10 price target. Dobson also noted that recent share price appreciation may have been bolstered by short covering action. He also warned that Chardan Research's forward price to revenue multiple on Ouster has risen 150 basis points compared with the preceding six-month average for the metric.

Finviz Chart

Original article posted on March 27

  • Ouster reported strong 2023 Lidar bookings of $142 million.
  • The company's Q1'24 revenue guidance exceeds consensus estimates, indicating solid growth in the Lidar sensor market.
  • Stock only has a market cap of $200 million, barely above the bookings level for last year.
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Ouster (NYSE:OUST) continues to report improving results in the Lidar sensor sector, while the market generally ignores any of the better metrics in the business. The company reported strong bookings in 2023, not reflected by the weak stock price. My investment thesis remains ultra Bullish on the leading revenue generator in the domestic Lidar sensor space.

Read the full article on Seeking Alpha. 

Disclosure: Long OUST. Please review the disclaimer page for more details. 


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