Ouster, Inc (OUST) Stock Forecast & Price Target

Ouster is benefiting from a stronger product cycle, with its REV8 LiDAR driving design wins in autonomous agriculture, counter-UAS, smart infrastructure, industrial, and robotics applications, while the StereoLabs acquisition broadens exposure to the camera market. The company’s 2Q26 revenue of $54.6M rose 55.9% Y/Y and 12.5% Q/Q, product revenue reached $52.76M, and shipments exceeded 17,000 sensors, underscoring scaling demand across end markets. Margin execution is also improving, as non-GAAP gross margin reached 53.5% and adjusted EBITDA loss narrowed to ($4.45M), supporting a positive view that Ouster is expanding its addressable market while moving closer to sustained operating leverage.

Ouster is facing a weaker fundamental outlook because the slower conversion of Rev8 and Stereolabs customer wins into volume production suggests that revenue recognition and unit growth may take longer than expected. Gross margin and operating leverage could also disappoint if higher-volume deployments come with lower average selling prices or weaker margins, or if manufacturing cost reductions lag the production ramp, which would delay profitability. With the company reliant on converting customer wins into scalable production across its lidar sensor kit segment, any shortfall in deployment economics or cost discipline could pressure future earnings and reduce confidence in its growth trajectory.