OneStream price target raised to $37 from $34 at Piper Sandler

Piper Sandler raised the firm’s price target on OneStream (OS) to $37 from $34 and keeps an Overweight rating on the shares. Piper raised its price target due to healthy underlying demand fundamentals evident by the 4% top-line beat and $1M raise for Q4 that reinforces the firm’s bullish thesis that OneStream remains in the early innings of a finance modernization cycle over the next three to five years, Piper told investors in a research note.