Bank of America Securities analyst Bradley Sills maintained a Buy rating on Workday (WDAY – Research Report) today and set a price target of $285.00.
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Bradley Sills’s rating is based on a mix of positive indicators and strategic insights concerning Workday’s market position and growth prospects. He notes that channel checks indicate a steady deal volume in the medium enterprise and commercial sectors, along with a slight increase in human capital management addon deals and continued strength in financials. Despite some customer losses, historical retention rates remain strong, suggesting these are within normal expectations.
Furthermore, Sills highlights limited downside risks at the current valuation, pointing out that the stock is trading below the software growth at a reasonable price group averages. With a better visibility on growth rate improvements and potential catalysts in the enterprise applications space, Sills maintains a positive outlook for Workday, expecting it to meet its fiscal year 2026 objectives. This combination of stable performance and growth potential underpins his Buy rating on the stock.
In another report released on February 13, Goldman Sachs also reiterated a Buy rating on the stock with a $310.00 price target.