Canaccord Genuity Raises Price Target on Workday (WDAY) to $110; Reiterates Buy
- Record-setting rally pushes on as S&P ends week up 3 percent
- Trump's Cohn Pick Most Bullish Sign Yet for Banks - Cowen
- Unusual 11 Mid-Day Movers: (IDXG) (INVN) (EBS) Higher; (SCON) (DTEA) (DLTH) Lower (more...)
- 21st Century Fox (FOXA) offers to acquire Sky for GBP10.75/share
- Coca Cola (KO) Announces James Quincey to Succeed Muhtar Kent as CEO; Kent to Continue as Chairman
Find out which companies are about to raise their dividend well before the news hits the Street with StreetInsider.com's Dividend Insider Elite. Sign-up for a FREE trial here.
Canaccord Genuity reiterated a Buy rating on Workday (NYSE: WDAY), and raised the price target to $110.00 (from $98.00). Canaccord believes that WDAY has grown into its valuation and that the stock will begin to advance on a sustainable basis.
Analyst Richard Davis commented, "Instead of publishing a post view note along with 3 dozen other analysts, we did a bit of incremental fundamental research before pushing our assessment of Workday out. Our conclusion is that Workday has sufficiently grown into its valuation and that the stock will begin to advance on a sustainable basis, such that we see the stock piercing the $100 level in a middling tape and going perhaps as high as $120 within six months in a more forward looking/bullish environment. Reiterate BUY."
Shares of Workday closed at $91.69 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Broadcom (AVGO) PT Raised to $215 at Oppenheimer
- Time (TIME): Stuck Until A Deal Is Announced - Wells Fargo
- Jefferies Raises Price Target on Casey's General Stores (CASY) Following 2Q Earnings Report
Create E-mail Alert Related CategoriesAnalyst Comments, Analyst EPS Change, Analyst PT Change
Related EntitiesCanaccord Genuity
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!