Needham & Company Maintains a 'Buy' on Taleo Corp (TLEO); Sitting Down With VP and GM of Performance Management
TLEO Hot Sheet
Rating Summary:2 Buy, 14 Hold, 0 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 20 | Down: 11 | New: 38
Needham & Company maintains a 'Buy' on Taleo Corp (NASDAQ: TLEO), PT $41.
Needham analyst says, "We had the opportunity to sit down with James Harvey, Taleo’s VP and GM of Performance Management and Compensation to get a perspective on Taleo’s Performance Management positioning and opportunity ahead. In sum, we are incrementally more optimistic that this Performance Management product cycle and some newer adjacent product areas (including Compensation and Learning) along with a recent 20% increase in sales reps represent key drivers of accelerated billings growth through 2011 and beyond. We’d recommend investors invest ahead of stabilizing unemployment, accelerating app revenue growth in 2011, and some clearer evidence that strategic, multi-product deals are getting done."
For more ratings news on Taleo Corp click here and for the rating history of Taleo Corp click here.
Shares of Taleo Corp closed at $32.21 yesterday, with a 52 week range of $21.97-$34.05.
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Needham analyst says, "We had the opportunity to sit down with James Harvey, Taleo’s VP and GM of Performance Management and Compensation to get a perspective on Taleo’s Performance Management positioning and opportunity ahead. In sum, we are incrementally more optimistic that this Performance Management product cycle and some newer adjacent product areas (including Compensation and Learning) along with a recent 20% increase in sales reps represent key drivers of accelerated billings growth through 2011 and beyond. We’d recommend investors invest ahead of stabilizing unemployment, accelerating app revenue growth in 2011, and some clearer evidence that strategic, multi-product deals are getting done."
For more ratings news on Taleo Corp click here and for the rating history of Taleo Corp click here.
Shares of Taleo Corp closed at $32.21 yesterday, with a 52 week range of $21.97-$34.05.
Discover Wall Street's best ratings calls with the pros - Ratings Insider Elite. Free Trial!
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