TD Cowen Reiterates Buy Rating on OneStream Inc. (OS)

TD Cowen analyst Derrick Wood reiterated a Buy rating and $34.00 price target on OneStream Inc. (NASDAQ: OS).

The analyst commented, "OS posted 2Q results in line w/ preliminary guide. Software revs grew 40% while cRPO grew 41%. 3Q guide was in line w/ Street while FY24 was slightly above at high end. We were encouraged about commentary on macro/demand conditions, 2H pipelines, ML adoption trends & the early stages of its replacement/modernization opportunity. We continue to see runway for LT durable 20%+ growth. Reiterate Buy."

For an analyst ratings summary and ratings history on OneStream Inc. click here. For more ratings news on OneStream Inc. click here.

Shares of OneStream Inc. closed at $30.76 yesterday.

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