OneStream price target raised to $34 from $32 at Piper Sandler

Piper Sandler raised the firm’s price target on OneStream (OS) to $34 from $32 and keeps an Overweight rating on the shares after the company hosted its annual Splash user conference in Nashville this week where it unveiled a host of new products that reinforce a “Three Pillar” growth strategy that could increase velocity of new customer lands while simultaneously driving broader expands at existing customers. New product potential and high gross retention increase the firm’s confidence in the 3-5 year vendor consolidation opportunity.