.png "Cornerstone Ondemand (NASDAQ: CSOD)")
Credit Suisse analyst Brad Zelnick maintained a Buy rating on Cornerstone Ondemand (NASDAQ: CSOD) on May 10 and set a price target of $55. The company’s shares closed on Friday at $47.76, close to its 52-week high of $49.73.
According to TipRanks.com, Zelnick is a 4-star analyst with an average return of 13.0% and a 70.6% success rate. Zelnick covers the Technology sector, focusing on stocks such as Ultimate Software, Microsoft Corp, and Everbridge Inc.
Currently, the analyst consensus on Cornerstone Ondemand is Moderate Buy and the average price target is $49.71, representing a 4.1% upside.
In a report issued on May 9, JMP Securities also maintained a Buy rating on the stock with a $60 price target.
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Based on Cornerstone Ondemand’s latest earnings release for the quarter ending March 31, the company reported a quarterly GAAP net loss of $16.22 million. In comparison, last year the company had a GAAP net loss of $16.21 million.
Based on the recent corporate insider activity of 54 insiders, corporate insider sentiment is negative on the stock.
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Cornerstone OnDemand, Inc. engages in the provision of learning and talent management solutions delivered as software-as-a-service. It also involves in providing support packages; client success framework; technical consulting; and content, implementation, business consulting, and educational services.
