Baird starts 'differentiated' Ouster with Outperform, $16 target 16:44 OUST Baird analyst Tristan Gerra initiated coverage of Ouster with an Outperform rating and $16 price target. The company is "differentiated in its positioning" as it targets "highly diversified use cases," Gerra tells investors in a research note. The analyst says Ouster has a very high count of customer engagements as well as emerging lead position in automated trucking, including Daimler. Gerra believes Ouster's cost structure positions it well to participate in the largest segment of the automotive lidar market medium term, or L2+/L3 applications.
Skillz raises 2021 revenue outlook to $375M, consensus $369.16M 16:29 SKLZ The company said, "Given our continued momentum, we are proud to announce that we are raising our 2021 annual revenue guidance to $375 million, representing 63% year-over-year growth. As we look ahead, we are particularly excited about continuing to expand our platform from our first successful categories of games to all game categories and are now seeing early validation on our multi-year investment in synchronous player technology. This next feature set will expand our content library to include games ranging from first person shooters to real time strategy. We currently have a handful of developers actively testing synchronous content on our platform, and the initial results are already promising."