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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Read More on WDAY:
- Workday’s Resilience and Strategic Growth: A Buy Rating Amidst Market Challenges
- Workday price target lowered to $325 from $348 at Bernstein
- Workday price target lowered to $275 from $310 at Stifel
- Workday price target raised to $255 from $230 at Piper Sandler
- Workday’s Stable Growth and Promising Financial Trajectory Justify Buy Rating Despite Conservative Outlook
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