Analyst Derrick Wood from TD Cowen maintained a Buy rating on Onestream, Inc. Class A (OS – Research Report) and increased the price target to $31.00 from $28.00.
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Derrick Wood has given his Buy rating due to a combination of factors that highlight Onestream, Inc.’s innovative advancements and strategic positioning in the market. The company recently introduced several new AI-driven solutions, such as SensibleAI Studio and SensibleAI Agents, which are designed to enhance their core finance and operational products. These innovations are expected to drive customer expansion from core finance to operational, analytics, and AI use cases, showing strong interest in their new AI offerings.
Derrick Wood also noted the accelerated time-to-value that Onestream, Inc. provides, as demonstrated by their first CPM Express customer, Arcade Beauty, which completed a full implementation in just three months. Furthermore, the company’s new plug-and-play architecture, Genesis, is set to offer greater flexibility and speed in deploying new solutions. These developments, along with new productivity tools and solution offerings, reinforce Onestream, Inc.’s position as a disruptor in the office of the CFO space, with a focus on monetization through platform and usage fees. Consequently, the price target has been raised to $31, reflecting confidence in the company’s growth prospects.
According to TipRanks, Wood is a 5-star analyst with an average return of 15.5% and a 63.51% success rate. Wood covers the Technology sector, focusing on stocks such as Oracle, ServiceNow, and Adobe.
In another report released today, Bank of America Securities also reiterated a Buy rating on the stock with a $33.00 price target.