Workday (WDAY) PT Raised to $160 at Cowen
Get Alerts WDAY Hot Sheet
Price: $209.99 --0%
Rating Summary:
30 Buy, 34 Hold, 4 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 14 | New: 15
Rating Summary:
30 Buy, 34 Hold, 4 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 14 | New: 15
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Cowen analyst J. Derrick Wood raised the price target on Workday (NASDAQ: WDAY) to $160.00 (from $145.00) while maintaining a Market Perform rating.
Wood commented, "Consistent with our preview, WDAY reported a solid qtr with est. ST sub billings growth of 43% coming in ahead of our 34% estimate. The qtr benefited from some deals pulling in from 4Q to 3Q, but 4Q billings guidance was in-line with consensus. We continue to believe WDAY's growth momentum is seeing some improvements but at >10x EV/CY19E Sales we feel its mostly priced in"
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