Scott Berg, an analyst from Needham, reiterated the Buy rating on Onestream, Inc. Class A (OS – Research Report). The associated price target remains the same with $38.00.
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Scott Berg has given his Buy rating due to a combination of factors including the innovative strides Onestream, Inc. is making in the realm of AI functionality. The company is focusing on generative AI features that enhance forecasting, workflows, and agents, which significantly boost the efficiency and accuracy of its platform. This technological edge allows Onestream to leverage real-time data effectively, making its solution stand out in the market and maintaining high win rates.
Additionally, Onestream’s strategic shift towards productization and verticalization is noteworthy. The company is offering out-of-the-box solutions that are rapidly implementable, while still providing full access to its comprehensive platform through Genesis, a plug-and-play architecture. This approach not only broadens its market appeal but also opens up strong monetization opportunities, given its history of successfully charging for non-core features.
According to TipRanks, Berg is an analyst with an average return of -3.4% and a 43.29% success rate. Berg covers the Technology sector, focusing on stocks such as Five9, Amplitude, and BigCommerce Holdings.
In another report released today, Bank of America Securities also reiterated a Buy rating on the stock with a $33.00 price target.