Craig-Hallum Maintains Buy on Ouster, Raises Price Target to $13
Portfolio Pulse from Benzinga Newsdesk
Craig-Hallum analyst Richard Shannon maintains a Buy rating on Ouster (NYSE:OUST) and raises the price target from $10 to $13.
May 10, 2024 | 4:05 pm
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Craig-Hallum analyst Richard Shannon reaffirmed a Buy rating on Ouster and increased the price target from $10 to $13, indicating a positive outlook on the company's future performance.
The increase in price target by a reputable analyst like Richard Shannon suggests a strong confidence in Ouster's growth prospects and operational performance. Such endorsements often lead to positive investor sentiment and can drive the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100