Raymond James Increases Onestream (NASDAQ:OS) Price Target to $35.00

Onestream (NASDAQ:OS) had its target price raised by equities researchers at Raymond James from $34.00 to $35.00 in a research note issued on Friday,Benzinga reports. The firm presently has an “outperform” rating on the stock. Raymond James’ price target would indicate a potential upside of 8.23% from the stock’s previous close.

Several other research firms also recently weighed in on OS. Loop Capital began coverage on Onestream in a research note on Monday, August 19th. They issued a “buy” rating and a $35.00 price target on the stock. Bank of America raised their price target on Onestream from $35.00 to $36.00 and gave the company a “buy” rating in a report on Wednesday, September 4th. TD Cowen started coverage on shares of Onestream in a research note on Monday, August 19th. They issued a “buy” rating and a $34.00 price target on the stock. Scotiabank increased their price objective on shares of Onestream from $34.00 to $35.00 and gave the company a “sector outperform” rating in a research report on Friday. Finally, BTIG Research initiated coverage on shares of Onestream in a report on Monday, August 19th. They issued a “buy” rating and a $37.00 target price for the company. Two research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Onestream currently has a consensus rating of “Moderate Buy” and an average price target of $35.00.

Onestream Price Performance

Shares of Onestream stock traded down $1.09 during trading on Friday, hitting $32.34. The company’s stock had a trading volume of 1,688,117 shares, compared to its average volume of 617,432. Onestream has a 52 week low of $24.50 and a 52 week high of $35.17. The business’s fifty day moving average price is $30.81.

Institutional Investors Weigh In On Onestream

Several hedge funds and other institutional investors have recently modified their holdings of the stock. First Horizon Advisors Inc. purchased a new stake in Onestream in the 3rd quarter worth approximately $27,000. RiverPark Advisors LLC bought a new position in shares of Onestream in the third quarter worth approximately $92,000. Precision Wealth Strategies LLC purchased a new stake in shares of Onestream in the third quarter worth $338,000. Atria Investments Inc bought a new stake in shares of Onestream during the 3rd quarter valued at $425,000. Finally, US Bancorp DE purchased a new position in shares of Onestream during the 3rd quarter valued at $569,000.

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.