BMO Capital on Workday (WDAY): 'The AI Pieces Starting to Come Together'

BMO Capital analyst Daniel Jester reiterated an Outperform rating and $285.00 price target on Workday (NASDAQ: WDAY).

The analyst comments "We share updated thoughts on Workday after meeting with management, partners, and customers at its user event. A blitz of AI-centric innovation, partner announcements, clarity on the pricing model for AI, and the intriguing acquisition of Sana were constructive updates. On the financial model, new FY28 financial targets, including a $15 FCF/share aspiration for FY28 implying a near doubling compared to FY25, provides a robust “north star” for the business that should, we believe, offset worries about macro uncertainty and potential disruptive AI from current and emerging competitors. Reiterate Outperform."

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 $219.01 yesterday.

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