OneStream Soars 10.61% Pre-Market Amid Citi, Morgan Stanley Price Target Cuts

Generated by AI AgentAinvest Movers Radar
Wednesday, Apr 23, 2025 7:57 am ET1min read

OneStream Inc.

Stock Quote (U.S.: Nasdaq) - , 2025年4月23日, rise 10.61% in pre-market.

OneStream (OS) has seen its price target reduced by Citi, which lowered it from $31 to $24 while maintaining a Neutral stance on the company's stock. This adjustment comes as the firm approaches the first-quarter earnings season for the application software sector with a cautious outlook. Citi's concerns include tariff exposure, potential delays in deals, and currency fluctuations, all of which could influence full-year projections for companies in this sector.

Additionally, Morgan Stanley has also reduced its price target for OneStream (OS). This move reflects the broader market sentiment and the specific challenges faced by OneStream in the current economic environment. The firm's cautious outlook is influenced by a recent survey of chief investment officers, which indicates a slight decline in the expected budget growth over the next year and a negative sentiment towards back-office projects, largely influenced by tariff issues.

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