BTIG assumes OneStream at Buy, sees compelling risk-reward profile

BTIG analyst Nick Altmann assumed coverage of OneStream (OS) with a Buy rating and $25 price target Despite the shares underperforming year-to-date, OneStream is set to grow over 20% in FY25, and a large, under-digitized total addressable market provides the company with significant runway to drive continued growth durability over the medium-term, the analyst tells investors in a research note. The firm believes investors remain concerned over potential disruption to application software from generative AI, though it sees the Office of the CFO as more insulated.