Ouster, Inc. (OUST): A Bull Case Theory 

We came across a bullish thesis on Ouster, Inc. on Make Money, Make Time’s Substack by Oliver | MMMT Wealth. In this article, we will summarize the bulls’ thesis on OUST. Ouster, Inc.’s share was trading at $21.76 as of December 1st.

Ouster, Inc. (OUST) operates as a pure-play in the LiDAR market, which is among the highest-growth segments across advanced technology themes, with forecasts projecting a 22%-32% CAGR over the next five years. The company’s exposure extends beyond LiDAR to adjacent high-growth areas such as autonomous vehicles, industrial automation, robotics, defense, and smart infrastructure, positioning it as a versatile player in multiple transformative markets. OUST has seen a remarkable 350% share price increase over the past six months, reflecting strong investor enthusiasm for its growth story.

Despite this rapid appreciation, the company still presents an attractive growth opportunity, with projected year-over-year revenue growth of 35%, broadly in line with the overall LiDAR market. The stock currently trades at 11x next twelve months (NTM) sales, a valuation that remains reasonable given the growth trajectory. While the share price has already appreciated significantly since its sub-$10 levels in May, the underlying market fundamentals and exposure to multiple high-growth end markets continue to offer a compelling investment case.

Investors seeking to optimize risk-reward might consider waiting for a potential pullback toward the $25 level, which could provide a more favorable entry point without materially sacrificing exposure to the sector’s long-term upside. Overall, Ouster represents a high-growth, multi-theme technology opportunity, combining strong market positioning, robust revenue growth, and a valuation that, while no longer deeply discounted, still reflects attractive upside potential relative to its peers in the LiDAR ecosystem.

Previously we covered a bullish thesis on Amphenol Corporation (APH) by TMTMoats in March 2025, which highlighted the company’s diversified exposure across aerospace, mobile devices, defense, and data centers, strategic acquisitions, and AI and EV market growth. The company’s stock price has appreciated approximately 121.58% since our coverage, as the thesis played out with strong demand and execution. Oliver | MMMT Wealth shares a similar perspective but emphasizes Ouster, Inc.’s high-growth LiDAR exposure and multi-theme transformative markets.

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Disclosure: None.