🟢 Ouster, Inc. is trading 5.6% up today after analyst price target increase

Ouster, Inc. is trading 5.6% up at $41.91 in pre-market, rebounding from a recent pullback after a new analyst price target was issued.

• The average one-year price target for Ouster was increased by 17.14% to $47.79, according to a report released this morning.
• This positive analyst action follows a sharp pullback on Friday, after the stock had rallied earlier in the week on the back of several partnership announcements.
• The stock's recovery coincides with a broadly firmer U.S. equity market, where major indices are also pointing higher in early trading.