Goldman Sachs Starts OneStream Inc. (OS) at Buy

Goldman Sachs analyst Adam Hotchkiss initiates coverage on OneStream Inc. (NASDAQ: OS) with a Buy rating and a price target of $37.00.

The analyst comments: "The Office of CFO, which has seen a significant transformation in responsibilities in recent years, remains one of the most under-digitized areas of organizations. We believe OneStream's unified CPM platform creates a durable demand opportunity as companies increasingly favor horizontal, extensible, and innovative platforms that provide essential functionality amidst 1) a desire to diversify from their legacy offerings, 2) effectively leverage a rapidly changing technology landscape, and 3) rationalize software costs in an ecosystem with numerous point solution vendors. We view OneStream's durable revenue growth and high retention since FY23, despite an overall challenging operating environment for software, as emblematic of the strength in the company's core CPM offering which, when combined with the multiple levers at management's disposal to drive margin expansion over time and industry-leading innovation capabilities, creates compelling valuation support for OneStream vs. peers."

For an analyst ratings summary and ratings history on OneStream Inc. click here. For more ratings news on OneStream Inc. click here.

Shares of OneStream Inc. closed at $30.45 yesterday.

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