Trade of the Day: Cornerstone OnDemand (CSOD)

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

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.


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+.

  1. CSOD:
  2. [Image]:
  3. Markman Capital Insights:
  4. Trader’s Advantage:
  5. CounterPoint Options:
  6. Top Stock for 2012 here:
  7. Jon Markman:

Source URL:
Short URL: