Cornerstone OnDemand should report strong Q4 results, says Pacific Crest Pacific Crest believes that Cornerstone OnDemand is benefiting from industry consolidation and its new recruiting product. The firm thinks the company could become a takeover target and it maintains an Outperform rating.
Cornerstone OnDemand upgraded on improving fundamentals at Needham As previously reported, Needham assumed coverage on Cornerstone OnDemand with a Strong Buy rating from Buy rating and raised its price target to $40 from $34. The firm believes Cornerstone is well positioned in the Human Capital Management software space to benefit from increasing spending levels for its core Talent Management applications. The firm also cites weakening competition, shifting customer purchasing preferences and the company's strong product vision.