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UPDATE: Goldman Sachs Upgrades Cornerstone OnDemand to Buy on 2013 Outlook

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Jefferies: In Software, 'All Growth Is Not Created Equal'
Needham Upgrades Cornerstone OnDemand To Strong Buy

Goldman Sachs upgraded Cornerstone OnDemand (NASDAQ: CSOD) from Neutral to Buy and raised the price target from $35.00 to $40.00.

Goldman Sachs said, "We are more confident 2013 will show upside to estimates and believe investor sentiment on growth sustainability will improve as the company continues to benefit from its position as the leading, independent SaaS talent management vendor. We believe the Recruiting release in March could be a driver to billings upside."

Cornerstone OnDemand closed at $30.48 on Thursday.

Latest Ratings for CSOD

DateFirmActionFromTo
May 2015NeedhamUpgradesBuyStrong Buy
Feb 2015Pacific CrestDowngradesOutperformSector Perform
Feb 2015BarclaysMaintainsOverweight

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Posted-In: Goldman SachsAnalyst Color Upgrades Intraday Update Analyst Ratings

 

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