BMO Capital Reiterates Outperform Rating on Workday (WDAY)

BMO Capital analyst Daniel Jester reiterated an Outperform rating and $338.00 price target on Workday (NASDAQ: WDAY)

The analyst comments "Into Workday's FY1Q25 results this week, we share some updated thoughts. Our conversations in the HR technology ecosystem indicate little change in urgency to drive incremental spending in the current environment. Against this backdrop, we believe success in driving bookings upside in the quarter will be dependent on the pace of impact from company-specific growth initiatives, including in Europe, middle-market, and in FINS. We think these near-term dynamics are reasonably well understood by investors based on recent feedback. No change to our estimates or target price."

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 $257.93 yesterday.

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