Cantor Fitzgerald Downgrades Ouster to Neutral, Raises Price Target to $13
Portfolio Pulse from Benzinga Newsdesk
Cantor Fitzgerald analyst Andres Sheppard has downgraded Ouster (NYSE:OUST) from Overweight to Neutral while raising the price target from $8 to $13.
May 22, 2024 | 12:47 pm
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NEUTRAL IMPACT
Cantor Fitzgerald has downgraded Ouster from Overweight to Neutral, but raised the price target from $8 to $13.
The downgrade from Overweight to Neutral suggests a less bullish outlook on Ouster's stock, which could temper investor enthusiasm. However, the raised price target to $13 indicates some positive expectations for the stock's future performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100