Market Overview

UPDATE: Jefferies Raises PT on Workday Following Strong F2Q Results

Share:
Related
The Sentiment On Workday Could Not Be More Bullish
The Top 11 Analysts On TipRanks And What They Cover
Broadcom Leads Top-Rated Companies Reporting: Investing Action Plan (Investor's Business Daily)

In a report published Wednesday, Jefferies analyst Ross MacMillan reiterated a Buy rating on Workday (NYSE: WDAY), and raised the price target from $86.00 to $88.00.

In the report, Jefferies noted, “Workday's strong F2Q 2014 (Jul.) results beat our estimates across-the-board. WDAY also raised FY14 guidance and provided F3Q guidance that was mostly above our forecasts. The sizable billings beat was more modest from an ARR perspective as WDAY signed a large contract with upfront payment terms. Maintain Buy as we believe WDAY has amongst the most attractive share gain potential in software.”

Workday closed on Tuesday at $76.01.

Latest Ratings for WDAY

DateFirmActionFromTo
Apr 2017Credit SuisseInitiates Coverage OnNeutral
Apr 2017BenchmarkInitiates Coverage OnHold
Mar 2017Bank of AmericaInitiates Coverage OnBuy

View More Analyst Ratings for WDAY
View the Latest Analyst Ratings

Posted-In: Jefferies Ross MacMillanAnalyst Color Price Target Analyst Ratings

 

Related Articles (WDAY)

View Comments and Join the Discussion!