Workday (WDAY) Analyst Day Could Be 'Positive Catalyst' - Morgan Stanley

Morgan Stanley analyst Keith Weiss reiterated an Overweight rating and $260.00 price target on Workday (NASDAQ: WDAY) ahead of the company's September 27th Analyst Day.

The analyst commented, "Analyst Day provides new leadership an opportunity to bolster investor confidence in a durable 20%+ growth potential and demonstrate upside to operating margin expectations. With WDAY shares still trading at 0.9x EV/FCF/G, below LC peers at 1.3x, A-Day may prove a positive catalyst. OW."

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 $231.59 yesterday.

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