Ouster Inc. (NYSE: OUST) shares rose as much as 29% after Citi analyst Itay Michaeli initiated coverage with a “buy” rating and a $17 PT. Ouster appears well-positioned with its unique digital architecture and leading position in non-auto verticals. Citi’s estimates are “far more conservative than company outlook”. Stocks surged more than 24% on huge volume as price remains 70% below the target price.