Needham maintains Buy rating on OneStream stock as CFO departs

Investing.com - Needham has reiterated its Buy rating and $38.00 price target on OneStream Inc. (NASDAQ:OS) following the announcement of key executive changes at the company. This target represents an 83% upside from the current price of $20.70, though InvestingPro data suggests the stock is currently fairly valued based on its proprietary Fair Value model.

OneStream announced after market close that Chief Financial Officer Bill Koefoed will be departing the company. Board member John Kinzer, who previously served as CFO at HUBS, will step in as interim CFO while the company searches for a permanent replacement. Kinzer will be managing a company with strong liquidity, as InvestingPro data shows OneStream holds more cash than debt and maintains a healthy current ratio of 2.37.

The company has also promoted Scott Leshnski to the position of President. In his new role, Leshnski will oversee go-to-market strategies and customer success operations.

Leshnski previously led OneStream’s artificial intelligence team, and his promotion appears to be part of a strategic shift. According to Needham, the appointment is designed to reorient the company’s operations toward an AI-first strategy.

Needham analyst Scott Berg expressed confidence in the interim CFO arrangement, stating that Kinzer "is more than capable of taking over the role" during the transition period.

In other recent news, OneStream Inc. reported strong third-quarter 2025 financial results, with subscription revenue growing by 27.3% year-over-year and bookings increasing by 19.5%, despite challenges from federal government issues. Goldman Sachs noted that OneStream’s revenue significantly exceeded expectations, outperforming the top end of guidance by approximately $5.3 million. Despite this strong performance, Goldman Sachs lowered its price target for OneStream to $30 from $33, while maintaining a Buy rating. Needham also reiterated its Buy rating with a $38 price target, following the company’s better-than-expected results.

Rosenblatt initiated coverage of OneStream with a Buy rating and a $26 price target, highlighting the company’s potential to gain market share from legacy systems. In a strategic move, OneStream announced a partnership with Microsoft to integrate its SensibleAI Agent technology with Microsoft 365 and Azure platforms. This collaboration will allow finance professionals to use OneStream’s AI capabilities within Microsoft products like Teams and Excel. Additionally, OneStream announced leadership changes, with CFO Bill Koefoed departing at the end of 2025 and John Kinzer stepping in as Interim CFO starting January 2026.

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