Added to YB: 2026-03-20
Pitch date: 2026-03-16
OUST [neutral]
Ouster, Inc.
-1.59%
current return
Author Info
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Company Info
Ouster, Inc. engages in the production and sale of lidar sensor kits for the automotive, industrial, robotics, and smart infrastructure industries in the Americas, the Asia-Pacific, Europe, the Middle East, and Africa.
Market Cap
$1.3B
Pitch Price
$21.40
Price Target
50.00 (+137%)
Dividend
N/A
EV/EBITDA
-17.34
P/E
-19.96
EV/Sales
6.80
Sector
Electronic Equipment, Instruments and Components
Category
growth
Ouster, Inc. - $OUST
OUST (overview): Decade-long CMOS lidar bet validated via 7 chip gens, $23M Velodyne IP royalties, 10%→41% norm gross margin in 3yrs, 12 qtrs product rev growth. $211M cash, zero debt. Multi-vertical (industrial/robotics/infrastructure/auto) resilience vs Luminar Chapter 11. StereoLabs acq ($70M, EBITDA+ at $16M rev) adds AI stereo vision for Physical AI platform. Regulatory moats: Blue UAS, NDAA, Buy American, NEMA TS2. Risks: L4 chip ('most significant overhaul ever') schedule slip could cascade; ~$18M royalty normalization FY26 will compress reported margin 49%→35-40% & slow headline growth; StereoLabs integration execution; 2-customer concentration (each >10% rev). Mgmt guides 30-50% growth, adj EBITDA+ path. At ~$22/sh ($1.25B mkt cap, 7.7x norm rev), pricing base-to-bull case through FY27-28. Bull: L4 on time, attach rate >20%, EU BlueCity wins → $38-50 PT range. Bear: L4 delay + integration friction + royalty confusion → extended losses, dilution risk. Key catalyst: L4 commercial launch timing in 2026.
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