Scott Berg’s Buy Rating on Onestream, Inc. Driven by Strong Sales Prospects and Strategic Growth Initiatives

Needham analyst Scott Berg maintained a Buy rating on Onestream, Inc. Class A (OS – Research Report) today and set a price target of $38.00.

Scott Berg has given his Buy rating due to a combination of factors that highlight Onestream, Inc.’s promising sales prospects despite a challenging economic environment. The company’s recent Non-Deal Roadshow (NDR) with key executives, including CFO Bill Koefoed and SVP Corporate Controller Pam McIntyre, has reinforced confidence in its ability to capitalize on near-term sales opportunities. The company boasts its largest sales pipeline to date, suggesting a strong potential to exceed its conservatively set guidance, even with lower expected close rates.
Additionally, Onestream is making strategic moves such as pricing and packaging adjustments, which are anticipated to have a minor impact on fiscal year 2025 results, but are expected to be beneficial in the long run. The focus on expanding partnerships, particularly with Global System Integrators (SIs), and a more aggressive approach towards strategic acquisitions are seen as positive steps to accelerate platform growth. These factors collectively underpin Scott Berg’s optimistic outlook and Buy rating for Onestream, Inc. Class A stock.

According to TipRanks, Berg is an analyst with an average return of -3.8% and a 42.28% success rate. Berg covers the Technology sector, focusing on stocks such as ServiceTitan, Inc. Class A, Five9, and DocuSign.