UPDATE: JP Morgan Raises PT to $56 on Workday on Strong Quarter Results
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
|Apr 2016||Macquarie||Initiates Coverage on||Underperform|
|Apr 2016||Pacific Crest||Downgrades||Overweight||Sector Weight|
|Apr 2016||Piper Jaffray||Assumes||Neutral|
© 2016 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.