Jefferies Raises Price Target on Workday (WDAY) to $79 Following User Conference and Analyst Day
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Jefferies reiterated a Hold rating on Workday (NYSE: WDAY), and raised the price target to $79.00 (from $72.00), following the company's annual user conference and Analyst Day. Management announced the availability of the Planning, Learning, and Student products. It also discussed ongoing improvements to core HCM and Financials applications.
Analyst John DiFucci commented, "We attended Workday's annual user conference and Analyst Day today in Chicago. The event was largely focused on incremental updates to Workday's products and technology, with an emphasis on the new Planning product and upcoming analytics additions across all products."
Shares of Workday closed at $89.79 yesterday.
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