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

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UPDATE: D.A. Davidson & Co. Initiates Coverage On Cornerstone OnDemand On Near-Term Tactical Risks
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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
Sep 2014BarclaysMaintainsOverweight
Aug 2014DA DavidsonInitiates Coverage onNeutral
May 2014FBR CapitalInitiates Coverage onOutperform

View More Analyst Ratings for CSOD
View the Latest Analyst Ratings

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

 

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