OUST - Ouster: Why I'm Buying This Stock Now Alongside Insiders

2024-05-17 09:03:51 ET

Summary

• Ouster stock is a strong buy due to significant improvement in underlying profitability and insider purchases.
• Recent insider purchases reflect the stock being undervalued.
• Ouster is a leading provider of lidar sensors with promising potential for revenue growth and expansion into new markets.
• Despite challenges in market adoption and competition, Ouster is expected to have a 38% CAGR in 2024 and has a strong balance sheet.

Investment Thesis

Ouster ( OUST ) is a stock that I'm long and very bullish on. This stock is very contentious, as it's not immediately obvious why this stock is a buy.

In fact, I'll remark that after some further consideration in my previous article , I went long on this stock....

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