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On Thursday, Mizuho (NYSE:MFG) Securities raised its price target for OneStream Inc. (NASDAQ:OS) shares to $33.00, up from the previous $30.00, while maintaining an Outperform rating on the stock. The company’s stock has shown strong momentum with a 16.5% return over the past week, and InvestingPro data reveals that 8 analysts have recently revised their earnings upwards for the upcoming period. The adjustment follows insights gathered at OneStream’s Splash user conference held in Nashville, where the company presented its latest innovations and product releases.
OneStream, traditionally recognized as a Corporate Performance Management (CPM) provider, is transitioning into a more expansive role as an AI-powered platform for finance and operations. With a robust current ratio of 2.34 and strong revenue growth of 26.8% in the last twelve months, the company appears well-positioned for this evolution. The upgrade by Mizuho aligns with their recent report titled "Modernizing Office of CFO," which discusses OneStream’s evolution. According to InvestingPro’s comprehensive analysis, the company maintains solid financial health despite currently trading above its Fair Value.
At the conference, OneStream unveiled new AI tools designed to bolster its position in AI applications for the CFO’s office. With a market capitalization of $5 billion and analysts forecasting profitability this year, the company’s product roadmap includes offerings such as Sensible AI forecast, Agent, Genesis, Strategic Performance Management (SPM), and OSG reporting, as well as productivity tools acquired from Finit. These developments are expected to enhance OneStream’s cross-selling opportunities and net revenue retention (NRR).
Feedback from customers and partners regarding OneStream’s offerings was notably positive, further supporting the firm’s optimistic outlook. Additionally, Mizuho highlighted a significant opportunity for OneStream to replace legacy systems, pointing to a total addressable market (TAM) of around $10 billion. The end-of-life status of SAP BPC™ is expected to create near-term tailwinds for the company.
The raised price target to $33 from $30 reflects these key takeaways and the firm’s confidence in OneStream’s strategic direction and market potential. Mizuho’s Outperform rating suggests that analysts there believe OneStream’s stock will perform better than the market or its sector in the coming months.
In other recent news, OneStream Inc. has reported notable financial performance and strategic developments. The company announced a strong first quarter, with subscription revenue growth exceeding 30%, specifically reaching 30.7%, and subscription billings accelerating to 37%. Analysts from Needham have maintained a Buy rating with a $38 price target, citing OneStream’s focus on generative AI functionality and strategic initiatives as key differentiators. Stephens analyst Brett Huff raised the price target to $30, emphasizing OneStream’s solid fundamentals and growth opportunities, particularly noting a 600 basis points sequential growth in billings. Citi analyst Steven Enders also updated the price target to $27, acknowledging a 3.9% revenue beat and a 24% year-over-year billings growth, while maintaining a Neutral rating due to economic uncertainties.
Additionally, OneStream introduced its SensibleAI™ portfolio at the Splash 2025 user conference, enhancing its platform with AI-powered tools aimed at improving forecasting and decision-making for finance teams. These tools include SensibleAI Agents and SensibleAI Forecast, which reportedly improve forecasting accuracy by over 25% and reduce cycle times by more than 85%. The company’s commitment to innovation and strategic focus on AI tools has resonated with analysts, with Needham highlighting the potential for strong monetization through non-core features. OneStream continues to maintain its revenue guidance for fiscal year 2025, with international revenue growing 40% year-over-year, now making up 30% of the total revenue.
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