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Fly News Breaks for July 23, 2018
CSOD
Jul 23, 2018 | 10:01 EDT
Needham analyst Scott Berg raised his price target on Cornerstone OnDemand to $65 and kept his Strong Buy rating, saying his latest round of industry checks indicate robust sales trends while the company's "strategic plan on content and partner involvement is gaining traction". With "strong win rates" and "resurgent" European HR end market, the analyst sees the company's sales stabilizing at the 4-5-times the price of a Learning Management System seat.
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