Analyst Koji Ikeda of Bank of America Securities reiterated a Buy rating on Onestream, Inc. Class A (OS – Research Report), reducing the price target to $29.00.
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Koji Ikeda’s rating is based on several positive indicators for Onestream, Inc. Class A. The company reported strong first-quarter results, with revenue and non-GAAP operating income surpassing expectations. This performance, alongside positive demand commentary, particularly for its AI products, suggests that Onestream’s technological vision is resonating well in the market.
Additionally, the robust demand for the SensibleAI Forecast product, which drove significant bookings growth, indicates its potential as a strong growth driver. The upcoming Splash event is expected to further highlight new products and platform enhancements, which could serve as a catalyst for future growth. Overall, these factors contribute to a positive outlook, supporting the Buy rating with a price objective of $29, implying a 20% upside potential.
Ikeda covers the Technology sector, focusing on stocks such as Datadog, nCino, and Confluent. According to TipRanks, Ikeda has an average return of 11.6% and a 55.03% success rate on recommended stocks.
In another report released on April 30, Mizuho Securities also initiated coverage with a Buy rating on the stock with a $30.00 price target.