Ouster price target raised to $11 from $10 at Cantor Fitzgerald

Cantor Fitzgerald analyst Andres Sheppard raised the firm’s price target on Ouster (OUST) to $11 from $10 and keeps an Overweight rating on the shares. Ouster’s Q4 revenue was in line with consensus and the company shipped more than 4,800 sensors in the quarter vs. more than 3,900 sensors in Q3, the analyst tells investors in a research note. Ouster is benefiting from a differentiated product line with several total addressable market applications and a proven and diversified customer base, the firm says.