Roth/MKM Begins Coverage on Ouster (OUST) Following LiDAR Expansion

Ouster, Inc. (NASDAQ:OUST) ranks among the best technology growth stocks to buy under $100. On May 29, Roth/MKM began coverage of Ouster, Inc. (NASDAQ:OUST), with a Buy rating and a $75 price target. According to the firm, Ouster, Inc. (NASDAQ:OUST) is well-positioned to outperform the overall sensor industry with superior LiDAR and stereoscopic camera capabilities that allow for an AI-driven computing and software-based perception platform.

Roth/MKM anticipates solid price and revenue growth led by growing physical AI autonomous adoption, propelling the company’s cash flow to breakeven by the close of 2027. The firm believes that the company will expand into a physical AI product vendor capable of adapting its product line to customer requirements.

Meanwhile, on May 27, Rosenblatt boosted its price objective for Ouster, Inc. (NASDAQ:OUST) to $53 from $40 while retaining a Buy rating for the stock. The rise follows Ouster’s statement of a strategic partnership with ARGUS Interception.

In light of the announcement, Rosenblatt expects Ouster’s total market share to expand with the introduction of StereoLabs cameras and the newly introduced Rev8 LiDAR.

Ouster, Inc. (NASDAQ:OUST) is a leader in sensing and perception for Physical AI across industrial, robotics, automotive, and smart infrastructure.

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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