William Blair analyst Jake Roberge has maintained their bullish stance on OS stock, giving a Buy rating today.
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Jake Roberge has given his Buy rating due to a combination of factors that highlight OneStream, Inc.’s strong performance and growth potential. The company reported impressive third-quarter results, surpassing consensus expectations across all major metrics. Notably, OneStream achieved a total revenue growth of 19%, exceeding the anticipated 15%, and saw a significant 60% year-over-year increase in AI bookings.
Additionally, the company’s expansion in the EMEA region and the growing demand for its new AI solutions, including finance, search, and analyst agents, contribute to a positive outlook. The stabilization in the public sector, particularly with the federal deals and migration to SaaS solutions, further supports the company’s growth trajectory. OneStream’s proactive approach in pursuing additional FedRAMP high authorization for its AI solutions indicates a strategic focus on expanding its federal business, reinforcing the Buy rating.
Roberge covers the Technology sector, focusing on stocks such as Jamf Holding, UiPath, and Adobe. According to TipRanks, Roberge has an average return of -3.5% and a 39.20% success rate on recommended stocks.
In another report released today, TD Cowen also maintained a Buy rating on the stock with a $27.00 price target.