OusterNYSE: OUST

Ouster, Inc. is rapidly advancing in the Lidar sector by focusing on non-automotive industries, reporting record sales and significant production orders in robotics. The company is seeing substantial revenue growth, with Q4 sales projected to hit $29-$31 million, despite the stock market not recognizing this progress. Ouster only trades at 3x forward sales targets despite the major growth opportunities.

Ouster (OUST) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).

The average of price targets set by Wall Street analysts indicates a potential upside of 35% in Ouster (OUST). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.

Ouster set a new revenue record in Q3, achieving a 38% gross margin and clearing its debt, with a projected 35% growth for 2024. Ouster's strength lies in its diversified revenue streams, including software sales, and its leadership in the non-ADAS LiDAR market. The company has a pristine balance sheet, with $154M in cash, and is the only Western LiDAR company with significant sensor sales volume.

Ouster, Inc. (NYSE:OUST ) Q3 2024 Earnings Conference Call November 7, 2024 5:00 PM ET Company Participants Chen Geng - Vice President of Strategic Finance, and Treasurer Angus Pacala - Chief Executive Officer Mark Weinswig - Chief Financial Officer Conference Call Participants Kevin Garrigan - Rosenblatt Securities Operator Hello and welcome to Ouster's Third Quarter 2024 Earnings Conference Call. All lines have been placed on mute to prevent any background noise.

In the closing of the recent trading day, Ouster, Inc. (OUST) stood at $6.97, denoting a -1.83% change from the preceding trading day.

Ouster, Inc. (OUST) closed at $7.75 in the latest trading session, marking a -0.77% move from the prior day.

Ouster, Inc. (OUST) reachead $8.07 at the closing of the latest trading day, reflecting a +1.89% change compared to its last close.

The House China Select Committee and Department of Commerce propose bans on Chinese LiDAR and connected vehicle technology, posing challenges and opportunities for Western companies like Ouster. Ouster could benefit from the U.S. Department of Transportation's infrastructure bill, leveraging its Blue City platform and digital flash sensor technology. Chinese companies like Hesai and Robosense dominate the LiDAR market, threatening Western firms' competitiveness and raising national security concerns.