OneStream Inc. (NASDAQ: OS) Bullish Outlook Still Prevails With Short Term Targets At $34

OneStream Inc. (NASDAQ:OS) does about 814.89K shares in volume on a normal day but saw 950551 shares change hands in the recent trading day. The company now has a market cap of 7.64B USD. Its current market price is $32.57, marking a decrease of -3.92% compared to the previous close of $33.90. The 52 week high reached by this stock is $35.17 whilst the lowest price level in 52 weeks is $24.50. The script in recent trading has seen the stock touch a high of $38 and a low of $32.

OneStream Inc. (OS) has a 20-day trading average at $31.09 and the current price is -7.39% off the 52-week high compared with 32.94% distance from its 52-week low. If we look at the stock’s price movements over the week, volatility stands at 4.11%, which increases to 5.74% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 60.57 to suggest the stock is neutral.

The consensus objective for the share price is $34.69, suggesting that the stock has a potential upside of 6.11% over the period. The median price target is 4.21% away from the current levels at $34.

The company shares received a number of brokerage firm price updates over the past month, with the latest being on September 23, 2024 when BMO Capital Markets initiated the stock to “Outperform” and issued a price target of $38. Truist initiated its price target at $35.

The current price level is 5.07%, 10.51%, and 10.51% away from its SMA20, SMA50, and SMA200 respectively, with the OS price moving above the 50-day SMA on current market day. OneStream Inc. (OS) stock is down -4.09% over the week and 5.06% over the past month. Its price is 21.30% year-to-date.

The company’s next earnings report forecasts estimating quarterly EPS at 0 and -0.02 for whole year. Expected sales for next quarter are $126.6M, which analysts say will come at $478.58M for the current fiscal year and next year at $579.19M. In addition, estimates put the company’s current quarterly revenue at an average of $124.18M.

Its 12-month price target is $34. To reach the target analysts have set, the stock logically needs to grow 6.11 percent from here. Of course, the average price target is just what the average analysts believe a stock will be worth in the next 52 weeks, and is only one metric. There are analysts with lower targets than the average, including one bearish Wall Street research firm advocating investors to wait for the price to pull back to $32, given the recent momentum. And then, on the bullish side of things, one analyst is expecting the stock to peak at $38.

The company has a return on investment of -2.90% and return on equity of -24.76%. Price to sales ratio is 17.46.