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Posted by
Two Blokes May 11 -
Filed in
Stock
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Shares of OneStream have enjoyed a rebound rally from April lows, driven by a Q1 earnings beat. Investors were relieved that the company maintained its full-year growth expectations, but this was largely driven by a weaker U.S. dollar offsetting potential macro headwinds. OneStream trades at a ~10x revenue multiple, which is rich compared to other ~20% growth peers that have much better operating margin profiles.