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UPDATE: Canaccord Genuity Initiates Workday at Buy; Core Growth Holding

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Canaccord Genuity raised its rating on Workday (NYSE: WDAY) with a Buy rating and a $60 price target.

Canaccord Genuity commented, "We have every indication that Workday is one of those once-in-a-decade companies that comes along in software and revolutionizes the space. We expect the stock to outperform the market, over long-stretches, for several years to come. We recommend investors own at least a partial allocation of the shares in a portfolio today, and we hope for an exogenously caused pull-back to establish a full position."

Workday closed at $48.52 on Friday.

Latest Ratings for WDAY

DateFirmActionFromTo
Apr 2018Monness Crespi HardtInitiates Coverage OnBuy
Apr 2018KeyBancMaintainsOverweightOverweight
Mar 2018CitigroupMaintainsSellSell

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Posted-In: Canaccord GenuityAnalyst Color Initiation Pre-Market Outlook Analyst Ratings

 

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