Morgan Stanley analyst Chris Quintero has maintained their bullish stance on OS stock, giving a Buy rating on May 9.
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Chris Quintero has given his Buy rating due to a combination of factors that highlight OneStream, Inc.’s strong performance and promising outlook. The company reported a 5% beat in subscription revenue, reaching $125 million, which exceeded expectations and demonstrated improved sales execution and bookings. This positive performance was driven by a 31% year-over-year growth in subscription revenue, alongside a robust 32% increase in trailing twelve-month subscription billings and the addition of 45 net new customers.
Furthermore, OneStream’s management attributed the success to increased customer interest in AI solutions, with SensibleAI bookings up 50% year-over-year, and a significant 50% growth in commercial bookings following the launch of CPM Express. The international business also showed strong momentum with a 40% increase. Despite the macroeconomic uncertainties, the company’s largest-ever sales pipeline and the upcoming Splash conference, expected to unveil new product launches, provide additional confidence in its growth trajectory. As a result, Chris Quintero maintains a positive outlook on OneStream’s valuation and future prospects.
In another report released on May 9, Needham also maintained a Buy rating on the stock with a $38.00 price target.