Craig-Hallum Maintains Buy on Ouster, Lowers Price Target to $11
Portfolio Pulse from Benzinga Newsdesk
Craig-Hallum analyst Richard Shannon maintains a Buy rating on Ouster (NYSE:OUST) but lowers the price target from $13 to $11.
August 14, 2024 | 12:43 pm
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NEUTRAL IMPACT
Craig-Hallum analyst Richard Shannon maintains a Buy rating on Ouster but lowers the price target from $13 to $11.
The Buy rating suggests continued confidence in Ouster's long-term prospects, but the lowered price target indicates some short-term concerns or adjustments in valuation. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100