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

Workday Upgraded At Stephens; Firm Says 'Force Is Strong'
Workday Hosted Its Annual Conference And Analyst Event: Here's What Wall Street Is Saying

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

Sep 2015BTIG ResearchInitiates Coverage onBuy
Aug 2015JMP SecuritiesMaintainsMarket Outperform
Aug 2015WedbushReiteratesOutperform

View More Analyst Ratings for WDAY
View the Latest Analyst Ratings

Posted-In: JP MorganAnalyst Color Price Target Intraday Update Analyst Ratings


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