Goldman Sachs Starts Workday (WDAY) at Neutral, Sees Limited Upside

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Goldman Sachs initiates coverage on Workday (NYSE: WDAY) with a Neutral. PT $43.00.

The firm called Workday a "dominant player in the fast growing SaaS landscape, however, "while we are very optimistic on Workday’s competitive positioning, and despite growing billings at a premium to its peers, we believe the shares offer limited upside near term given valuation."

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 $48.52 yesterday, with a 52 week range of $45.05-$57.21.

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