Ouster, Inc (OUST) Stock Forecast & Price Target

Ouster is viewed favorably because REV8 is broadening the company’s addressable market with design wins in autonomous agriculture, counter-UAS, smart infrastructure, and other Physical AI applications, while validating its ability to solve demanding sensing problems in complex environments. Financially, 2Q26 revenue reached $54.6M, up 55.9% Y/Y, non-GAAP gross margin improved to 53.5%, and adjusted EBITDA loss narrowed to ($4.45M), showing that growth is being accompanied by improving operating leverage. The balance sheet is also a strength, with about $263M in cash and no debt at 2Q26, while management expects Rev8 to ramp by quarter-end and the business to sustain 30%+ three-year revenue growth.

Ouster is facing a bearish fundamental setup because slower conversion of Rev8 and Stereolabs customer wins into volume production delays the revenue ramp and limits near-term operating momentum. Gross margin and operating leverage could also fall short if higher-volume deployments come with lower average selling prices or thinner margins, or if manufacturing cost reductions lag the production ramp. As a result, the company may struggle to translate customer wins into scalable profitability, leaving earnings quality and valuation support under pressure.