JMP Securities Believes Cornerstone Ondemand (CSOD) Still Has Room to Grow


In a report issued on February 13, Patrick Walravens from JMP Securities maintained a Buy rating on Cornerstone Ondemand (CSOD), with a price target of $65. The company’s shares closed on Friday at $57.35, close to its 52-week high of $60.19.

According to TipRanks.com, Walravens is a top 100 analyst with an average return of 20.6% and a 72.8% success rate. Walravens covers the Technology sector, focusing on stocks such as Salesforce.com, Ellie Mae Inc, and DocuSign Inc.

Cornerstone Ondemand has an analyst consensus of Moderate Buy, with a price target consensus of $61.40, representing a 7.1% upside. In a report issued on February 1, D.A. Davidson also initiated coverage with a Buy rating on the stock with a $65 price target.

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Based on Cornerstone Ondemand’s latest earnings release for the quarter ending December 31, the company reported a quarterly GAAP net loss of $3.17 million. In comparison, last year the company had a GAAP net loss of $9 million.

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Cornerstone OnDemand, Inc. engages in the provision of learning and talent management solutions delivered as Software-as-a-Service. It is also involved in providing support packages; client success framework; technical consulting; and content, implementation, business consulting, and educational services.

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