Analyst Chris Quintero of Morgan Stanley maintained a Buy rating on Onestream, Inc. Class A (OS – Research Report), retaining the price target of $37.00.
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Chris Quintero has given his Buy rating due to a combination of factors that suggest a positive long-term outlook for Onestream, Inc. Class A. Despite facing short-term challenges such as foreign exchange impacts and delays in deal closures due to macroeconomic uncertainties, the company’s subscription revenue showed a significant increase, growing by 35% year-over-year. Additionally, the SaaS ARR expanded by 39%, indicating strong demand and effective monetization strategies.
Quintero also highlights the potential benefits from the ERP Supercycle and the company’s positive demand commentary, which support the expectation of mid-20s growth moving forward. Furthermore, Quintero notes that recent pricing and packaging adjustments have surpassed expectations, likely enhancing the buying process and platform monetization. With the stock trading at an attractive valuation, these elements collectively underpin the Buy rating for Onestream, Inc. Class A.
Quintero covers the Technology sector, focusing on stocks such as BlackLine, Bill.com Holdings, and Onestream, Inc. Class A. According to TipRanks, Quintero has an average return of 45.6% and an 87.50% success rate on recommended stocks.
In another report released today, Needham also reiterated a Buy rating on the stock with a $38.00 price target.