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February 12, 2014
08:39 EDTCSODCornerstone OnDemand price target raised to $70 from $56 at JMP Securities
JMP Securities increased its price target on Cornerstone OnDemand, citing the company's 51% Q4 bookings growth. The firm notes that the company's FY14 EPS guidance missed expectations, but it blamed the miss on investments by the company in growth opportunities. The firm remains upbeat on the company's outlook and keeps an Outperform rating on the shares.
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