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Fly News Breaks for February 18, 2016
CSOD
Feb 18, 2016 | 08:51 EDT
Wunderlich analyst Ryan MacDonald initiated Cornerstone OnDemand with a Buy rating and $39 price target on shares. The analyst believes discounted valuation is unwarranted given its ability to produce 25%+ revenue growth through new customer adoption and an approximate $2B up sell opportunity within its existing install base along with targeted FY16 profitability.
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