DA Davidson assumed coverage and lowered the firm’s price target on Workday (WDAY) to $250 from $260 and keeps a Neutral rating on the shares. The company reported a healthy Q3 earnings beat, though its guidance implications for the organic growth outlook likely raises eyebrows, the analyst tells investors in a research note. DA Davidson adds that while it views the company positively with a large opportunity in front of it, it is waiting to see more clear signs of organic upside to revenue moving forward.
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Read More on WDAY:
- Workday price target lowered to $270 from $290 at JPMorgan
- Workday price target raised to $280 from $255 at Morgan Stanley
- Workday price target lowered to $240 from $250 at UBS
- Workday price target lowered to $320 from $340 at RBC Capital
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