Today's ratings and targets, all via The Fly:
Workday price target raised to $220 from $175 at Baird...MORE
Baird analyst Mark Marcon raised his price target on Workday to $220 from $175 following solid Q4 results. The analyst said the financials moving to the cloud appears to be at an inflection point, following the same pattern of first CRM and then HCM moving to the cloud. Marcon, who calls Workday an early growth story, reiterated his Outperform rating on the shares.
Workday price target raised to $230 from $170 at Needham
Needham analyst Scott Berg raised his price target on Workday to $230 and kept his Buy rating after its "very strong" Q4 results. The analyst cites the company's Financials platform sales driving much of the company's new bookings growth as well as its 24-month backlog rising 29% from last year.
Workday price target raised to $235 from $216 at KeyBanc
KeyBanc analyst Brent Bracelin reiterated an Overweight rating on Workday and raised his price target to $235 from $216 following the company's quarterly results. In a research note to investors, Bracelin says he is increasingly confident on the company's ability to execute on a growing set of core financial applications moving to the cloud...
