OneStream, Inc.: Strong Market Position and Growth Potential Drive Buy Rating

Morgan Stanley analyst Chris Quintero maintained a Buy rating on Onestream, Inc. Class A (OS – Research Report) yesterday and set a price target of $34.00.

Chris Quintero has given his Buy rating due to a combination of factors that highlight OneStream, Inc.’s strong position in the market. The company is poised to capitalize on the growing demand for digital transformations within the Office of the CFO, supported by an unprecedented increase in sales representative capacity projected into 2025. This strategic expansion aligns with the anticipated modernization cycle of finance and back-office tools, positioning OneStream to effectively meet future demand.
Additionally, OneStream’s SensibleML product is gaining significant traction, with a notable increase in bookings and customer adoption. The product’s ability to enhance demand forecasting by 15-20% and reduce forecasting time by 75% underscores its value proposition. Furthermore, while the company’s current exposure to government contracts is limited, there is a substantial opportunity for growth in this sector. These factors collectively support Chris Quintero’s optimistic outlook and Buy rating for OneStream, Inc.