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UPDATE: Morgan Stanley Initiates Workday at Equal-weight on Valuation

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UPDATE: Piper Jaffray Initiates Coverage on Workday with Neutral Rating, $49 PT
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Notable tech gainers/decliners: WDAY, TSRA, CYBR, WUBA, VMEM (Seeking Alpha)

Morgan Stanley initiated coverage on Workday (NYSE: WDAY) with an Equal-weight rating.

Morgan Stanley noted, "WDAY combines 20+ yrs. of technical advancement, the largest market in software- Enterprise Resource Mgmt (ERM) -and a team that has created billions in value to form one of the best early stories we have seen. At 14x CY14 rev, WDAY reflects the positives, though, and we look for a better entry."

Workday closed at $49.88 on Monday.

Latest Ratings for WDAY

DateFirmActionFromTo
Feb 2015JP MorganMaintainsNeutral
Feb 2015NomuraMaintainsNeutral
Feb 2015JefferiesMaintainsHold

View More Analyst Ratings for WDAY
View the Latest Analyst Ratings

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