Stifel lowered the firm’s price target on Workday (WDAY) to $255 from $275 and keeps a Hold rating on the shares. While Workday delivered a modest topline beat, it does not appear that the underlying momentum of the business is showing any real signs of acceleration against a backdrop where Microsoft (MSFT) D365 and Oracle (ORCL) NetSuite/Fusion are accelerating, the analyst tells investors in a post-earnings note.
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Read More on WDAY:
- Workday price target lowered to $265 from $278 at BofA
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