Needham analyst Scott Berg downgraded OneStream (OS) to Hold from Buy without a price target after Hg announced a deal to acquire the company for $24 per share. The price paid e is an “acceptable valuation” given OneStream’s current growth rate, the analyst tells investors in a research note. Needham does not expect a superior offer.
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on OS:
- OneStream downgraded to Neutral from Buy at Guggenheim
- Buy Rating on OneStream Underscored by Premium Hg Capital Takeout and Robust Software Valuation Backdrop
- OneStream downgraded to Hold from Buy at Loop Capital
- OneStream downgraded to Neutral from Buy at Rosenblatt
- OneStream downgraded to Market Perform from Outperform at BMO Capital