Scotiabank raised the firm’s price target on Workday (WDAY) to $355 from $340 and keeps an Outperform rating on the shares. The company delivered stronger results than anticipated, with beats across the board, the analyst tells investors. The AI narrative at the company is gaining traction, with 30% of customer expansions involving one or more AI SKUs, the firm adds.
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Read More on WDAY:
- Workday’s Strong Momentum and Strategic Initiatives Justify Buy Rating
- Workday price target raised to $310 from $270 at Stifel
- Workday price target raised to $340 from $320 at RBC Capital
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- Workday price target raised to $340 from $285 at BofA