Scott Berg, an analyst from Needham, maintained the Buy rating on Onestream, Inc. Class A. The associated price target remains the same with $38.00.
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Scott Berg has given his Buy rating due to a combination of factors, including strategic leadership changes at Onestream, Inc. The company announced the departure of its CFO, Bill Koefoed, and the interim appointment of John Kinzer, a seasoned board member and former CFO of HUBS. Berg believes Kinzer’s experience makes him well-suited to guide the company during this transition.
Additionally, the promotion of Scott Leshnski to President, who will focus on go-to-market strategies and customer success with an emphasis on AI, is seen as a positive move. Leshnski’s previous experience leading the AI team aligns with the company’s shift towards an AI-first strategy, which Berg views as a significant growth opportunity for Onestream, Inc.
Berg covers the Technology sector, focusing on stocks such as Zeta Global Holdings Corp, Workday, and Freshworks. According to TipRanks, Berg has an average return of -4.6% and a 37.45% success rate on recommended stocks.