Oppenheimer lowered the firm’s price target on Workday (WDAY) to $300 from $320 and keeps an Outperform rating on the shares. The firm says Workday’s Q1 results show good upside to margin growth and CRPO, though the latter benefited from including AI sandbox revenue. These positives are offset by signs of continuing deceleration through Q2 and only modest changes to estimates from guidance.
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