Workday (WDAY) Target Lifted to $92 at Jefferies

November 26, 2013 11:16 AM EST Send to a Friend
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Price: $87.87 --0%

Rating Summary:
    11 Buy, 20 Hold, 0 Sell

Rating Trend: = Flat

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Jefferies analyst Ross MacMillan reiterated a Buy rating and bumped its price target on Workday (NYSE: WDAY) from $88 to $92 following strong Q3 results and outlook.

"Workday's strong F3Q 2014 (Oct.) results beat our estimates across-the-board and both F4Q guidance and the preliminary outlook for FY15 revenue growth were above our forecasts," MacMilla said. "New customers adds and an aggressive plan for go-lives suggest building Financials product momentum. Maintain Buy as we believe WDAY has amongst the most attractive share gain potential in software."

The firm raiesd FY 2014 EPS from($0.66) ($0.57) and maintained FY 2015 EPS at ($0.74).

For an analyst ratings summary and ratings history on Workday click here. For more ratings news on Workday click here.

Shares of Workday closed at $73.30 yesterday.


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