Does Ouster (OUST) Have the Potential to Rally 27.86% as Wall Street Analysts Expect?

Core Viewpoint - Ouster, Inc. (OUST) shares have increased by 36.5% in the past four weeks, closing at $9.62, with a mean price target of$12.30 indicating a potential upside of 27.9% [1] Price Targets - The mean estimate consists of five short-term price targets with a standard deviation of $2.86, where the lowest estimate is$10 (4% increase) and the highest is $17 (76.7% increase) [2] - A low standard deviation suggests a high degree of agreement among analysts regarding the stock's price movement [7] Earnings Estimates - Analysts show increasing optimism about OUST's earnings prospects, with a positive trend in earnings estimate revisions correlating with potential stock price increases [9] - The Zacks Consensus Estimate for the current year has risen by 8.3% due to one upward revision and no negative revisions in the last 30 days [10] Analyst Ratings - OUST holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate factors, indicating strong potential for upside [11] Investment Considerations - While consensus price targets may not be reliable for predicting exact stock movements, they can provide a directional guide for potential price changes [12]