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UPDATE: Jefferies Raises PT on Workday Following Strong F2Q Results

Workday Shares Initiated Outperform At Bernstein
Workday Getting Worked Over
Workday: Refusing To Pull Forward Growth With Spending (Seeking Alpha)

In a report published Wednesday, Jefferies analyst Ross MacMillan reiterated a Buy rating on Workday (NYSE: WDAY), and raised the price target from $86.00 to $88.00.

In the report, Jefferies noted, “Workday's strong F2Q 2014 (Jul.) results beat our estimates across-the-board. WDAY also raised FY14 guidance and provided F3Q guidance that was mostly above our forecasts. The sizable billings beat was more modest from an ARR perspective as WDAY signed a large contract with upfront payment terms. Maintain Buy as we believe WDAY has amongst the most attractive share gain potential in software.”

Workday closed on Tuesday at $76.01.

Latest Ratings for WDAY

Jun 2015BernsteinInitiates Coverage onOutperform
May 2015JefferiesMaintainsHold
May 2015BarclaysMaintainsOverweight

View More Analyst Ratings for WDAY
View the Latest Analyst Ratings

Posted-In: Jefferies Ross MacMillanAnalyst Color Price Target Analyst Ratings


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