Oppenheimer Continues to be Bullish on Ouster, Inc. (OUST) 

Ouster, Inc.(NASDAQ:OUST)  is among the hidden multibagger stocks to invest in. On December 4, Oppenheimer assigned a $39 price target to OUST and reiterated its outperform rating. The research house is impressed by the company’s strong client base, spanning over 1000 clients. According to them, this provides visibility into the company’s product pipeline, helping assess the impact of its R&D spending.

The firm is confident of 30-50% growth in 2026 on the back of existing products and its customer base. Moreover, the company’s sensor fusion capabilities add to the bullish prospects, as they are a major contributor to customer retention according to Oppenheimer.

Despite the stock losing a significant chunk of its value over the last two months, analysts remained upbeat about the company’s prospects throughout November. On Nov. 6, Cantor Fitzgerald upgraded the stock to Overweight, and on Nov. 24, Northland Securities reiterated its Buy rating.

Ouster, Inc. provides lidar sensors for the industrial, automotive, robotics, and smart infrastructure industries. The company offers a wide range of products, including analog lidar sensors, software solutions, and high-resolution scanning and solid-state digital lidar sensors. It also provides Ouster Sensor, surround-view lidar sensors, and Digital Flash.

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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Disclosure: None. This article is originally published at Insider Monkey.