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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 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: Jennifer Swanson Lowe Morgan StanleyAnalyst Color Reiteration Analyst Ratings

 

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