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UPDATE: JP Morgan Raises PT to $56 on Workday on Strong Quarter Results

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Workday Upgraded At Evercore ISI, Investors Need To Be Patient
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JP Morgan reiterated its Neutral rating on Workday (NYSE: WDAY) but raised its price target from $54 to $56.

JP Morgan said, "WDAY reported very strong results in its first quarter as a public company, with growth accelerating from the prior period. All metrics were better than anticipated except for deferred revenue, which was about in line, though this would also have been better than estimated but for a purposely reduced average billings period."

Workday closed at $53.19 on Wednesday.

Latest Ratings for WDAY

DateFirmActionFromTo
Jul 2015Evercore PartnersUpgradesHoldBuy
Jun 2015WunderlichInitiates Coverage onHold
Jun 2015BernsteinInitiates Coverage onOutperform

View More Analyst Ratings for WDAY
View the Latest Analyst Ratings

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