Bernstein lowered the firm’s price target on Workday (WDAY) to $325 from $348 and keeps an Outperform rating on the shares. The firm notes the company delivered a good quarter, beating slightly on subscription revenue and margins, reiterated full year revenue guide and raised full year margins but that was not good enough for the Street as the stock was down about 7%.
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Read More on WDAY:
- 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
- Workday price target lowered to $325 from $335 at KeyBanc
- Workday’s Mixed Financial Performance and Uncertain Growth Outlook Justify Hold Rating
- Mixed Signals in Workday’s Performance: Solid Margins but Concerns Over Growth Sustainability Lead to Hold Rating