Craig-Hallum analyst Richard Shannon reiterated a Buy rating on Ouster (OUST – Research Report) today and set a price target of $10.00. The company’s shares closed yesterday at $6.32.
According to TipRanks, Shannon is a 5-star analyst with an average return of 9.8% and a 48.13% success rate. Shannon covers the Technology sector, focusing on stocks such as Coherent Corp, Emcore, and Ambarella.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Ouster with a $7.03 average price target, an 11.23% upside from current levels. In a report released on July 13, Chardan Capital also upgraded the stock to a Buy with a $10.00 price target.
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The company has a one-year high of $20.85 and a one-year low of $3.21. Currently, Ouster has an average volume of 984.2K.
Based on the recent corporate insider activity of 65 insiders, corporate insider sentiment is neutral on the stock.
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Colonnade Acquisition Corp is a blank check company.
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