Is Ouster Inc (OUST) One of the Top Lidar Stocks to Buy?

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.

Is Ouster Inc (OUST) One of the Top Lidar Stocks to Buy?

On April 28, Oppenheimer named Ouster Inc (NASDAQ:OUST) 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 (NASDAQ:OUST), 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.

While we acknowledge the risk and potential of OUST as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than OUST and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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