Bernstein analyst Mark Moerdler lowered the firm’s price target on Workday (WDAY) to $304 from $325 and keeps an Outperform rating on the shares. Workday delivered an in-line quarter, beating slightly on subscription revenue and margins, but guidance was “unimpressive” despite enthusiastic commentary for fiscal 2026, the analyst tells investors in a research note. Bernstein continues to like the fundamental story, but thinks it will continue to be a “show me” story.
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