These Analysts Cut Their Forecasts On Ouster Following Q2 Results
Portfolio Pulse from Avi Kapoor
Ouster Inc. (NYSE: OUST) reported weaker-than-expected Q2 sales, leading to a 27.7% drop in its stock price. Despite beating EPS estimates, the company missed revenue expectations and provided lower-than-expected Q3 revenue guidance. Analysts have adjusted their price targets downward.
August 14, 2024 | 6:54 pm
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Ouster Inc. reported weaker-than-expected Q2 sales and provided lower-than-expected Q3 revenue guidance, leading to a 27.7% drop in its stock price. Analysts have adjusted their price targets downward.
Ouster's Q2 results showed a miss on revenue expectations and lower-than-expected Q3 guidance, which led to a significant drop in stock price. Analysts have responded by lowering their price targets, indicating a negative short-term outlook.
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