Wall Street Analysts Believe Ouster (OUST) Could Rally 38.91%: Here's is How to Trade

Group 1 - Ouster, Inc. (OUST) shares have increased by 48.6% over the past four weeks, closing at $10.28, with a mean price target of $14.28 indicating a potential upside of 38.9% [1] - The average price targets from analysts range from a low of $11 to a high of $17, with a standard deviation of $2.08, suggesting a variability in estimates [2] - Analysts show strong agreement on OUST's ability to report better earnings, with a positive trend in earnings estimate revisions correlating with potential stock price increases [4][11] Group 2 - Over the last 30 days, the Zacks Consensus Estimate for OUST's current year earnings has increased by 12.4%, with two estimates moving higher and no negative revisions [12] - OUST holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimates, indicating a strong potential upside [13]