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Fly News Breaks for July 14, 2016
CSOD
Jul 14, 2016 | 09:25 EDT
Needham analyst Scott Berg raised his price target for Cornerstone OnDemand to $52 from $45 as he expects demand to remain above expectations exiting fiscal year 2016 into fiscal year 2017. Brexit appears to have had little to no impact on the company's Q2 business and will likely not impact Q3, the analyst tells investors in a research note. However, he believes it has the potential to impact Q4. Berg says Cornerstone OnDemand is still his Top Pick and reiterates a Strong Buy rating on the shares.
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