Morgan Stanley Issues Positive Forecast for Onestream (NASDAQ:OS) Stock Price

Onestream (NASDAQ:OS) had its price target raised by Morgan Stanley from $35.00 to $37.00 in a report issued on Tuesday,Benzinga reports. The firm currently has an equal weight rating on the stock.

A number of other brokerages also recently issued reports on OS. BMO Capital Markets assumed coverage on shares of Onestream in a research note on Monday, September 23rd. They issued an “outperform” rating and a $38.00 price target for the company. Baird R W raised shares of Onestream to a “strong-buy” rating in a research report on Thursday, August 1st. Guggenheim boosted their target price on shares of Onestream from $34.00 to $35.00 and gave the stock a “buy” rating in a research note on Wednesday, September 4th. Truist Financial restated a “buy” rating and issued a $37.00 price target (up from $35.00) on shares of Onestream in a research note on Wednesday, September 4th. Finally, Piper Sandler upped their price objective on Onestream from $34.00 to $37.00 and gave the stock an “overweight” rating in a research report on Friday, November 8th. Two investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $35.50.

Onestream Price Performance

Shares of OS opened at $33.50 on Tuesday. Onestream has a 1 year low of $24.50 and a 1 year high of $35.39. The firm has a 50-day moving average of $30.93.

Hedge Funds Weigh In On Onestream

A number of hedge funds have recently modified their holdings of the business. TimesSquare Capital Management LLC purchased a new position in shares of Onestream during the third quarter worth about $67,746,000. Massachusetts Financial Services Co. MA acquired a new stake in Onestream during the 3rd quarter worth approximately $26,493,000. Westfield Capital Management Co. LP acquired a new stake in Onestream during the 3rd quarter worth approximately $20,566,000. Primecap Management Co. CA purchased a new position in shares of Onestream in the 3rd quarter valued at approximately $9,017,000. Finally, Seven Grand Managers LLC acquired a new position in shares of Onestream in the third quarter valued at approximately $6,780,000.

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.