UPDATE: Canaccord Genuity Initiates Workday at Buy; Core Growth Holding
Canaccord Genuity raised its rating on Workday (NYSE: WDAY) with a Buy rating and a $60 price target.
Canaccord Genuity commented, "We have every indication that Workday is one of those once-in-a-decade companies that comes along in software and revolutionizes the space. We expect the stock to outperform the market, over long-stretches, for several years to come. We recommend investors own at least a partial allocation of the shares in a portfolio today, and we hope for an exogenously caused pull-back to establish a full position."
Workday closed at $48.52 on Friday.
Latest Ratings for WDAY
|Jan 2017||Wells Fargo||Initiates Coverage On||Market Perform|
|Dec 2016||Northland Securities||Reinstates||Outperform||Market Perform|
|Dec 2016||DA Davidson||Maintains||Buy|
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