UPDATE: Jefferies Initiates Workday with Buy Rating on Expected Continued Growth
In a report published Friday, Jefferies analyst Ross MacMillan initiated coverage on Workday (NYSE: WDAY) with a Buy rating and $76.00 price target.
In the report, MacMillan noted, “We expect Workday to maintain high rates of growth and drive market share gains in the large Enterprise Resource Management and Financial Management solutions markets. Workday's software-as-a-service delivery model, object-oriented framework, in-memory architecture and easy-to-use interface represent significant improvements over legacy solutions.”
Workday closed on Thursday at $59.06.
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