Wedbush Securities Believes Workday Inc Ended 4Q with Strong Activity - Workday (NASDAQ:WDAY)

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In a report published Friday, Wedbush Securities analyst Steve Koenig reiterated an Outperform rating and $104.00 price target on

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Workday Inc

(NYSE: WDAY).In the report, Wedbush Securities noted, "Our partner checks were positive. Integrators cited strong growth in request-for-proposal (RFP) activity, expanding project sizes, and increasing follow-on opportunities for multi-national expansions and newer modules. Core HR and Payroll appear to be the primary driver of both domestic and international growth. We heard mostly about project sizes in the $1.5M-$5M range, although some deals were over $5M and $10M."Workday Inc closed on Thursday at $91.87.