Rosenblatt Maintains Buy on Ouster, Lowers Price Target to $12
Portfolio Pulse from Benzinga Newsdesk
Rosenblatt analyst Kevin Cassidy has maintained a Buy rating on Ouster (NYSE:OUST) but reduced the price target from $17.5 to $12.
November 10, 2023 | 3:36 pm
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Rosenblatt has maintained a Buy rating on Ouster but lowered the price target from $17.5 to $12, indicating a potential downside compared to the previous target.
The reduction in price target by Rosenblatt suggests that while the firm remains optimistic about Ouster's future, it acknowledges near-term challenges or potential valuation adjustments that could pressure the stock price in the short term. This could lead to a negative investor sentiment and a possible decrease in the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100