Bank of America Securities analyst Koji Ikeda reiterated a Buy rating on Onestream, Inc. Class A (OS – Research Report) today and set a price target of $33.00.
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Koji Ikeda has given his Buy rating due to a combination of factors that highlight Onestream, Inc.’s potential for long-term growth and market share expansion. The recent user conference, Splash, showcased impressive new product announcements and generated enthusiasm among customers and partners, reinforcing confidence in the company’s ability to capture a significant portion of the $44 billion total addressable market. The event is expected to bolster the sales pipeline for both existing and new offerings, which supports optimistic projections for 2025 revenue and operating margins.
Additionally, Onestream’s introduction of AI-driven products, such as the Finance Analyst Agent and SensibleAI Studio, is poised to enhance productivity and drive adoption. These innovations, alongside the company’s strong technological foundation and experienced leadership in the Office of the CFO domain, position Onestream to differentiate itself from competitors. The company’s strategic focus on eliminating performance bottlenecks further strengthens its competitive edge, justifying a premium valuation compared to its peers and supporting the raised price objective of $33.
Ikeda covers the Technology sector, focusing on stocks such as Datadog, Blackbaud, and nCino. According to TipRanks, Ikeda has an average return of 13.1% and a 58.70% success rate on recommended stocks.
In another report released on May 9, Raymond James also maintained a Buy rating on the stock with a $29.00 price target.