Jefferies raised the firm’s price target on Workday (WDAY) to $140 from $115 and keeps a Hold rating on the shares post the Q1 report. The firm says deal slippage in Q4 helped drive Workday’s best Q1 in net new annual contract value growth in five years. However, the company’s remaining performance obligation guidance mid-point was below estimates as the Q1 beat was not flowed through to fiscal 2027, the analyst tells investors in a research note.
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