Canaccord Genuity Raises Price Target on Workday (WDAY) to $110; Reiterates Buy
Get Alerts WDAY Hot Sheet
Rating Summary:
36 Buy, 23 Hold, 3 Sell
Rating Trend: Up
Today's Overall Ratings:
Up: 12 | Down: 9 | New: 10
Join SI Premium – FREE
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."
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 $91.69 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- HSBC Downgrades Munich Re (MUV2:GR) (MURGY) to Reduce, 'dividend yield remains relatively low'
- Moderna (MRNA) PT Raised to $125 at Jefferies ahead of RSV launch and CMV data
- Recruit Holdings Co., Ltd (6098:JP) (RCRUY) PT Raised to JPY7,800 at Jefferies, 'emerged stronger since the last earnings season'
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS Change, Analyst PT ChangeRelated Entities
Canaccord GenuitySign 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!