TD Cowen lowered the firm’s price target on Workday (WDAY) to $310 from $320 and keeps a Buy rating on the shares. The firm said they delivered an in-line quarter across sub revenues and cRPO and provided in-line revenue guide. This said, organic cRPO upside softened mostly due to less early renewals and 2Q guide was slightly below estimates. Positively, management has not seen any material macro impacts.
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Read More on WDAY:
- Workday price target raised to $250 from $230 at DA Davidson
- Workday’s Growth Challenges and Uncertain AI Impact Lead to Hold Rating
- Workday price target raised to $255 from $250 at Morgan Stanley
- Workday price target lowered to $250 from $285 at Loop Capital
- Workday price target lowered to $300 from $320 at Oppenheimer
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