Trade of the Day: Cornerstone OnDemand (CSOD)

by Jon Markman | October 1, 2013 5:57 am

Trade of the Day: Cornerstone OnDemand (CSOD)

Cornerstone OnDemand (CSOD[1]) is a cloud-based provider of talent-management software and services, focused on recruiting, learning management and performance management. Shares are nesting against their 30-day average after having risen up along that level all year.

CSOD930 Trade of the Day: Cornerstone OnDemand (CSOD)[2]

Seven of eleven analysts following the stock have a “buy” rating, and it has already surpassed the consensus target of $49. However, that target is slightly skewed by some lowball estimates, like the $41.00 target from JMP Securities. However, there are certainly targets on the higher side as well, with $57.00 from Credit Suisse and $60.00 from Barclays.

So I’m anticipating it should break out again soon, as it is not expensive for a small-cap growth stock.

Recommendation: Buy CSOD for a $57 target.

Jon Markman operates the investment firm Markman Capital Insights[3]. He also writes a daily trading newsletter, Trader’s Advantage[4], and CounterPoint Options[5], a service geared towards helping individual traders make steady, consistent profits with the VIX. . Check out his Top Stock for 2012 here[6].

Follow Jon Markman[7] at Google+.

Endnotes:
  1. CSOD: http://studio-5.financialcontent.com/investplace/quote?Symbol=CSOD
  2. [Image]: http://investorplace.com/wp-content/uploads/2013/10/CSOD930.jpg
  3. Markman Capital Insights: http://www.markmancapital.net/
  4. Trader’s Advantage: http://www.jonmarkman.com/
  5. CounterPoint Options: https://order.investorplace.com/index.jsp?sid=SE8121
  6. Top Stock for 2012 here: http://www.investorplace.com/wp-admin/www.investorplace.com/2011/12/short-europe-emerging-markets-hershey-consumer-staples/
  7. Jon Markman: https://plus.google.com/109535523304238577573?rel=author

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