Onestream (NASDAQ:OS) Stock Price Expected to Rise, Morgan Stanley Analyst Says

Onestream (NASDAQ:OS) had its price target boosted by investment analysts at Morgan Stanley from $35.00 to $37.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Morgan Stanley’s price target would indicate a potential upside of 7.78% from the company’s previous close.

Several other equities analysts also recently commented on OS. BTIG Research started coverage on Onestream in a research note on Monday, August 19th. They issued a “buy” rating and a $37.00 price objective on the stock. Piper Sandler upped their price target on Onestream from $34.00 to $37.00 and gave the company an “overweight” rating in a research report on Friday. Citigroup initiated coverage on shares of Onestream in a research note on Monday, August 19th. They set a “neutral” rating and a $34.00 price target on the stock. Scotiabank lifted their price objective on shares of Onestream from $34.00 to $35.00 and gave the company a “sector outperform” rating in a research note on Friday. Finally, Raymond James boosted their target price on shares of Onestream from $34.00 to $35.00 and gave the company an “outperform” rating in a report on Friday. Two investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $35.50.

Onestream Stock Performance

Shares of OS stock opened at $34.33 on Tuesday. Onestream has a 52 week low of $24.50 and a 52 week high of $35.39. The stock has a 50-day moving average of $30.88.

Hedge Funds Weigh In On Onestream

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Primecap Management Co. CA purchased a new stake in Onestream during the third quarter valued at about $9,017,000. King Luther Capital Management Corp bought a new position in shares of Onestream during the 3rd quarter valued at about $3,051,000. First Horizon Advisors Inc. purchased a new position in shares of Onestream during the 3rd quarter valued at about $27,000. RiverPark Advisors LLC bought a new stake in Onestream in the 3rd quarter worth approximately $92,000. Finally, TimesSquare Capital Management LLC bought a new stake in Onestream in the 3rd quarter worth approximately $67,746,000.

About Onestream

OneStream, Inc develops corporate performance management software solutions primarily to perform financial statement consolidation and planning and budgeting. Its solutions include financial close and consolidation that streamlines financial processes with capabilities designed to automate tasks and manage the complexity and standards of financial reporting and consolidation; financial and operational planning and analysis that enables financial and operational planning, budgeting, forecasting, and results analysis for individual business functions and the synchronization of plans across the entire organization; and financial and operational reporting that provides end-to-end visibility of analytics and key metrics to various stakeholders, including executives, Finance professionals, line-of-business leaders, and other business partners.