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
© 2016 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.