Wells Fargo analyst Michael Turrin raised the firm’s price target on Workday (WDAY) to $185 from $180 and keeps an Overweight rating on the shares. The firm says management threaded the needle on Q1 results after last quarter’s reset, delivering solid upside while holding the full year guide. The run-rate operating yield setup now looks increasingly achievable while shares still 10 times EV/free cash flow.
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