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UPDATE: Stephens Upgrades Cornerstone OnDemand as Competition with Workday is Not Inhibiting Growth

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In a report published Tuesday, Stephens analyst Alex Zukin upgraded the rating on Cornerstone OnDemand (NASDAQ: CSOD) from Equal-Weight to Overweight, and raised the price target from $46.00 to $65.00.

In the report, Stephens noted, “We are upgrading CSOD to an Overweight (Vol) rating from Equal-Weight (Vol) and raising our price target to $65.00 (was $46). We believe that competition with Workday while present is not inhibiting growth and that 40+% growth is sustainable over the next few years as a result of accelerating end-market demand, market leading product and favorable competitive environment. Cornerstone is the only pure-play public SaaS company focused inherently on the Talent Management portion of the HCM market and is well positioned for sustainable strong organic growth.”

Cornerstone OnDemand closed on Monday at $47.81.

Latest Ratings for CSOD

DateFirmActionFromTo
Jul 2020B of A SecuritiesDowngradesBuyUnderperform
Apr 2020NeedhamMaintainsBuy
Feb 2020BarclaysMaintainsOverweight

View More Analyst Ratings for CSOD
View the Latest Analyst Ratings

 

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Posted-In: Alex Zukin StephensAnalyst Color Upgrades Analyst Ratings

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