KeyBanc analyst Jason Celino lowered the firm’s price target on Workday (WDAY) to $155 from $260 and keeps an Overweight rating on the shares. While the firm is disappointed by the lower FY27 growth and margin guidance, KeyBanc shouldn’t be completely caught by surprise given Aneel’s return as CEO. Investors most focused on margin expansion will likely be even more frustrated, though there seems to be some conservatism built in, KeyBanc notes.
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