Onestream Inc (OS) saw its stock price plummet by a staggering 24.88% in pre-market trading on Wednesday. The sharp sell-off came after the company reported better-than-expected fourth-quarter results but provided disappointing guidance for the first quarter and full year 2025, prompting a downgrade from JPMorgan analysts.
According to reports, Onestream topped analysts' expectations for earnings per share and revenue in Q4 2024. However, the software maker's forecasts for Q1 2025 and the full year fell short of Wall Street estimates, indicating potential challenges ahead.
In response to the weak guidance, JPMorgan analysts downgraded Onestream from "Overweight" to "Neutral" and slashed their price target on the stock from $30 to $26. The analysts cited concerns over deal slippage and potential headwinds, suggesting that the stock could remain range-bound in the near term until these overhangs clear up.