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UPDATE: Jefferies Initiates Workday with Buy Rating on Expected Continued Growth

Software-As-A-Service Competition Heats Up For Microsoft
Workday Is Growing Into Its Valuation

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.

Latest Ratings for WDAY

Oct 2016Canaccord GenuityMaintainsBuy
Sep 2016OppenheimerMaintainsOutperform
Sep 2016Brean CapitalMaintainsSell

View More Analyst Ratings for WDAY
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Posted-In: JefferiesAnalyst Color Initiation Analyst Ratings


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