Ouster upgraded to Overweight at Cantor Fitzgerald on DOD certification ‘moat’

As previously reported, Cantor Fitzgerald upgraded Ouster (OUST) to Overweight from Neutral with a price target of $33, up from $30, following a Q3 beat that featured the company’s higher revenue on record. Ouster’s OS1 became the first high-resolution 3D LiDar sensor approved by the Department of Defense, notes the analyst, who views the DOD certification as “a material moat.”