Ouster, Inc (OUST) Stock Forecast & Price Target

Ouster is well positioned for durable growth because its REV8 LiDAR is gaining design wins in attractive end markets such as autonomous agriculture, counter-UAS, smart infrastructure, and industrial robotics, expanding its addressable market beyond traditional automotive use cases. Its 2Q26 results underscore improving fundamentals, with revenue of $54.6M, product revenue of $52.76M, more than 17,000 sensors shipped, and non-GAAP gross margin of 53.5%, while the adjusted EBITDA loss narrowed to ($4.45M). Management’s expectation that REV8 reaches production volumes by the end of 3Q26, coupled with multiple $1M+ orders and expanding deployment visibility, supports a favorable view of execution and long-term revenue scaling.

Ouster is facing a bearish setup because recent customer wins such as Rev8 and Stereolabs are converting too slowly into volume production, limiting near-term revenue acceleration and weakening confidence in the ramp. Its 3Q26 guidance of $54.5M-$57.5M, or $56.0M midpoint, sits below both the $57.4M and $57.3M estimates, while Non-GAAP EPS remains at an expected loss of ($0.06), and 3Q operating expenses are still projected to rise 5%-8% Y/Y. The outlook is further pressured by the risk that higher-volume deployments carry lower ASPs and margins, or that manufacturing cost reductions lag, which could leave gross margin and operating leverage below expectations and delay profitability.