Piper Sandler analyst Billy Fitzsimmons raised the firm’s price target on Workday (WDAY) to $145 from $135 and keeps a Neutral rating on the shares. The firm notes the company delivered a Q1 revenue beat of 0.8%, partially benefiting from linearity around deals that slipped from Q4 into the start of Q1. Given certain on-cycle software prints cited elevated deal scrutiny, AI-driven disruption, etc., Workday’s ability to deliver a Q1 beat and disclose ramping AI monetization metrics is a notable positive, Piper argues.
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