OneStream Inc. (OS) PT Raised to $34 at Piper Sandler

Piper Sandler analyst James Fish raised the price target on OneStream Inc. (NASDAQ: OS) to $34.00 (from $32.00) while maintaining a Overweight rating.

The analyst commented, "There were few headline surprises relative to Q2 results given the preliminary figures for the June-ending quarter were released in mid- July. That said, we did come away more encouraged by anecdotal commentary on the 1) subscription growth guide of 35%+ for Q3 vs. our 30% prior estimate, 2) increasing confidence in the broader replacement opportunity with a new $1M+ deal triggered by SAP end of support catalyst, 3) healthy regional growth in the U.S. that improved slightly to 39% vs. 38% last quarter, and 4) a new France beachhead win strengthening international as an incremental growth lever. Maintain OW."

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