Analyst Koji Ikeda of Bank of America Securities maintained a Buy rating on Onestream, Inc. Class A (OS – Research Report), retaining the price target of $33.00.
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Koji Ikeda has given his Buy rating due to a combination of factors, including OneStream’s strong market positioning and innovative product offerings. The company’s platform is uniquely tailored for the Office of the CFO, which is expected to drive significant revenue growth, surpassing its peers in the finance software sector. This growth is anticipated to be supported by expanding free cash flow margins, making it an attractive investment opportunity.
Additionally, OneStream’s SensibleAI and newly announced AI products are expected to enhance productivity and adoption rates. The company’s AI-focused sales team is poised to increase awareness and adoption of these solutions, with promising returns on investment already observed. Furthermore, the CPM Express product is designed to facilitate quick adoption and expansion, offering full platform features from the start, which should lead to increased usage and revenue. These strategic initiatives underpin Ikeda’s confidence in the company’s future performance.
In another report released on May 16, Piper Sandler also maintained a Buy rating on the stock with a $34.00 price target.