Analyst Daniel Jester of BMO Capital maintained a Buy rating on Onestream, Inc. Class A, with a price target of $25.00.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Daniel Jester’s rating is based on a combination of factors that highlight Onestream, Inc.’s strong position and growth potential. The company recently announced leadership changes, including the departure of the CFO and the promotion of a new President, which are seen as strategic moves following better-than-expected third-quarter results. The interim CFO has significant experience, having served on the board and previously held a CFO position at another company, ensuring continuity and stability during the transition.
Furthermore, the promotion of Scott Leshinski to President is expected to enhance the company’s focus on AI-driven growth, with AI bookings having already increased by 60% year-to-date. Despite tighter enterprise back-office spending, Onestream is anticipated to maintain a multi-year growth trajectory in the low-to-mid 20% range, supported by its strong performance in financial consolidation and expansion in the large xP&A market. These factors contribute to the Buy rating, with no changes to estimates or target price.
In another report released today, Bank of America Securities also maintained a Buy rating on the stock with a $33.00 price target.