OneStream Inc. (OS) PT Lowered to $32 at Raymond James

Raymond James analyst Brian Peterson lowered the price target on OneStream Inc. (NASDAQ: OS) to $32.00 (from $35.00) while maintaining a Outperform rating.

The analyst comments "We reiterate our Outperform rating on OneStream following its 4Q report that was adversely impacted by FX and some extended deal cycles, although still largely topped consensus expectations. Fundamental growth metrics still remained well into the 20s across most key metrics (with a ~2 point headwind from FX), although we’re cognizant that the premium valuation placed on shares likely required more upside. We’d expect shares to give back some of the recent gains (down 13% after hours), although we see little that changes the long-term growth trajectory, particularly with most of the slipped deals closing in 1Q25. We suspect that investors may take a more cautious stance on growth expectations given macro and transformational deal sizes of the product, but we see little to change our LT opportunity for shares."

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