Taleo "outperform"

11/27/06 - Ryan, Beck & Co

NEW YORK, November 27 (newratings.com) - Analysts at Ryan Beck & Co maintain their "outperform" rating on Taleo Corporation (TLEO). The target price is set to $17.

In a research note published this morning, the analysts mention that Taleo’s cash flow generation, subscription revenue growth, backlogs and new customer additions lend support to the pace of the company’s growth. Taleo’s performance and share price are expected to be driven by the higher-than-average growth expectations for the online talent management environment, the analysts say. The company is likely to generate application revenue growth of 25% and 23% in 2006 and 2007, respectively, Ryan Beck & Co adds.