Needham analyst Scott Berg reiterated a Buy rating on Cornerstone Ondemand (NASDAQ: CSOD) today and set a price target of $60. The company’s shares closed yesterday at $47.20, close to its 52-week high of $49.73.
According to TipRanks.com, Berg is a 5-star analyst with an average return of 13.9% and a 66.7% success rate. Berg covers the Technology sector, focusing on stocks such as Medidata Solutions, Tyler Technologies, and Ultimate Software.
Currently, the analyst consensus on Cornerstone Ondemand is Moderate Buy and the average price target is $51.67, representing a 9.5% 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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The company has a one-year high of $49.73 and a one-year low of $33.24. Currently, Cornerstone Ondemand has an average volume of 558K.
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.
