Workday price target raised to $314 from $300 at BMO Capital

BMO Capital analyst Daniel Jester raised the firm’s price target on Workday (WDAY) to $314 from $300 and keeps an Outperform rating on the shares. The firm cites better than expected Q4 results while noting that the emerging four-ponged approach to harness AI to drive growth and efficiency is creating optionality in how management can drive value creation across the business, the analyst tells investors in a research note. BMO adds that this remains generally under-appreciated in its current investor conversations.