OUST Crosses Above Average Analyst Target
April 02, 2024 at 06:05 AM EDT
In recent trading, shares of Ouster Inc (OUST) have crossed above the average analyst 12-month target price of $8.50, changing hands for $9.86/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level..