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Morgan Stanley Expects Strong Close to FY14 for Workday

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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

DateFirmActionFromTo
Apr 2016MacquarieInitiates Coverage onUnderperform
Apr 2016Pacific CrestDowngradesOverweightSector Weight
Apr 2016Piper JaffrayAssumesNeutral

View More Analyst Ratings for WDAY
View the Latest Analyst Ratings

Posted-In: Jennifer Swanson Lowe Morgan StanleyAnalyst Color Reiteration Analyst Ratings

 

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