Oppenheimer Outperforms Four Industrial AI Stocks

Oppenheimer rates Amprius Technologies, Electrovaya, Aeva Technologies, and Ouster as Outperform with price targets of $17, $14, $33, and $39 respectively.
The firm projects defense spending growth of 60% to $1.5 trillion, boosting domestic manufacturing and AI sensor demand for drones and vehicles.
Oppenheimer forecasts FY2026 revenues of ≥$125 M for AMPX, $30‑36 M for AEVA, $45‑48 M for OUST, and cuts ELVA Q2 to $15.8 M.
Ouster’s software‑attached bookings doubled in FY2025, expanding deployments to over 1,200 sites and leveraging the StereoLabs acquisition for future revenue.