Why Is OUSTER INC A (OUST) Stock Up Today?

Ouster Inc (OUST) shares surged 14.91% to close at $33.30 on Wednesday. The primary driver was a strong third-quarter earnings report that featured a 50% year-over-year revenue increase and record sensor shipments.

What Happened

Ouster reported third-quarter revenue of $59 million, exceeding the consensus estimate of $56.3 million. The company also posted an adjusted loss per share of $0.20, which was better than the expected $0.24. Management guided for fourth-quarter revenue of $61 million. The company noted that it recorded revenue growth for the fifteenth consecutive quarter, driven by strong demand for its LiDAR sensors and cameras. The balance sheet remains robust with over $400 million in cash.

Following the release, several analysts raised their ratings and price targets. Cantor Fitzgerald upgraded the stock to Overweight from Neutral, citing a better entry point, and set a price target of $45. Roth Capital raised its price target from $50 to $75. Oppenheimer reiterated its rating, highlighting the company's AI capabilities. Amerx upgraded the stock to Buy but lowered its price target to $52.5.

What The Data Shows

The stock opened at $32.61, representing a 12.5% gap up from the prior close of $28.98. The session high reached $33.45 at 7:40 AM ET, while the low was $30.23 at 11:05 AM ET. Trading volume stood at 3.2 million shares, which is 1.0x the three-month daily average. Fundamentals show a market cap of $2.0 billion with a beta of 3.49. The company remains unprofitable with a trailing twelve-month EPS of $0.87 and a net margin of 26.0%. Revenue growth over the trailing twelve months is 62.8%. The 52-week range is $16.40 to $63.79.

Recent insider activity shows 8 sales totaling $5.4 million in the last 90 days, with no buys. The most recent filings were dated September 16, 2026. CEO Charles Angus, COO Darien Spencer, and Chief Revenue Officer Cyrille Jacquemet all sold shares on September 14, 2026.

What To Watch

Investors will monitor the company's progress toward profitability and the continued ramp of its Rev8 product line. The stock has printed two fresh 52-week highs and 14 fresh 52-week lows recently, indicating high volatility.