DA Davidson analyst Rishi Jaluria initiated Cornerstone OnDemand with a Buy rating and a price target of $65, saying he is positive on the company's "market leadership position in talent management, runway of growth within HR and content, successful and ongoing turnaround plan, and reasonable valuation." The analyst adds that Cornerstone OnDemand trades a 5-times enterprise value to his expected 2020 revenues multiple, which is a discount to its peer-group multiple of 8-times, and its growth rate is not sufficiently slower to justify the low valuation.