Cornerstone OnDemand (CSOD) Company Visit Show Multiple Expansion Possible - Needham

August 25, 2016 6:19 AM EDT
Get Alerts CSOD Hot Sheet
Price: $36.76 +4.37%

Rating Summary:
    14 Buy, 8 Hold, 1 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 17 | Down: 27 | New: 28
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Needham & Company analyst, Scott Berg, reiterated his Strong Buy on shares of Cornerstone OnDemand (NASDAQ: CSOD) after a company visit where he met with the CEO and CFO. The analyst believes the company can attain its 2018 profitability goals without sacrificing the strong sales momentum.

If the company can sustain its sales momentum, as industry checks continue to indicate it should, the analyst believes CSOD should grow revenue at 25%+, while driving 1500 bps of operating leverage, which should offer incremental multiple expansion. The additional revenue should come from partner leverage, expanded Recruiting adoption, and accelerating demand for its new analytics suite.

No change to the price target of $52.

For an analyst ratings summary and ratings history on Cornerstone OnDemand click here. For more ratings news on Cornerstone OnDemand click here.

Shares of Cornerstone OnDemand closed at $44.16 yesterday.



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