OneStream price target lowered to $29 from $32 at Raymond James

Raymond James lowered the firm’s price target on OneStream (OS) to $29 from $32 and keeps an Outperform rating on the shares. OneStream’s Q1 report showed “impressive” billings growth and healthy bookings activity, though the full year outlook was unchanged due to a more volatile macro, the analyst tells investors in a research note. The long-term benefit of the company’s platform extensibility should come into focus, given the ability to displace multiple point solution providers while modernizing applications through Sensible AI, the firm says.