Morgan Stanley Expects Strong Close to FY14 for Workday
In a report published Tuesday, Morgan Stanley analyst Jennifer Swanson Lowe reiterated an Equal-Weight rating on Workday (NYSE: WDAY).
In the report, Morgan Stanley noted, “We expect strong growth to persist and drive upside to numbers on continued HCM adoption, while Financials, Big Data Analytics and Recruiting present longer-term drivers. However, at ~19x EV/CY15 rev., we already see meaningful upside to estimates priced in, though have little doubt numbers should continue moving higher.”
Workday closed on Monday at $100.36.
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|
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