Baird Lowers OneStream (OS) PT to $26 Despite Steady Q2 Growth, AI Innovations

OneStream Inc. (NASDAQ:OS) is one of the best IPO stocks to buy according to Wall Street analysts. On August 8, Baird lowered the firm’s price target on OneStream to $26 from $28, while keeping an Outperform rating on the shares. The firm updated its model following Q2 2025 results, which showed steady performance.

OneStream’s total revenue grew by 26% year-over-year in Q2, propelled by a 30% increase in subscription revenue. The international business expanded by 34% and contributed 33% to the total revenue. The total revenue came out to be $147.59 million. OneStream also saw a remarkable 281% increase in its free cash flow compared to the previous year.

The company introduced new AI innovations, including Sensible AI Studio and Sensible AI Agents, which have been well-received by customers. However, license revenue declined by $900K year-over-year, which the company attributed to the successful conversion of customers to SaaS.

OneStream Inc. (NASDAQ:OS) delivers a unified, AI-enabled, and extensible software platform in the US and internationally.

While we acknowledge the potential of OS as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.