5 Best Lidar Stocks To Buy Now

2. Ouster, Inc. (NYSE:OUST)

Number of Hedge Fund Holders: 18 

Ouster, Inc. (NYSE:OUST) is an American lidar technology company headquartered in San Francisco, California, that designs and builds high-resolution, digital 3D lidar sensors for use in autonomous vehicles, industrial, robotics, drones, mapping, defense, and security systems.

Rosenblatt analyst Kevin Cassidy initiated coverage of Ouster, Inc. (NYSE:OUST) with a Buy rating and $2 price target on October 24. According to the analyst, Ouster is a leader in digital lidar technology that is currently shipping thousands of units quarterly. The analyst expects that the REV7 products, which he says increases performance and double its sellable market, can accelerate the company’s traction in automotive applications.

As of Q2 2022, 18 of the 895 hedge funds tracked by Insider Monkey held Ouster, Inc. (NYSE:OUST) shares valued at a combined total of $27.76 million.

Follow Ouster Inc.