Cornerstone OnDemand upgraded to Buy from Neutral at Goldman Goldman expects Cornerstone OnDemand's core growth to accelerate and named it one of its top SaaS picks for 2013. The firm expects Cornerstone to benefit from its leading position and for the Recruiting release to drive billings. Price target raised to $40 from $35.
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.