Workday (WDAY) PT Lowered to $210 at Jefferies

Jefferies analyst Brent Thill lowered the price target on Workday (NASDAQ: WDAY) to $210.00 (from $220.00) while maintaining a Hold rating.

The analyst comments "As WDAY navigates its AI transition, deceling rev + backlog growth have left investors wondering what's next. Going into Rising on 10/13, our mini dive outlines key debates on sustainable growth/OPM + SAP/ORCL competition. We're waiting for a breakout to reaccel subs rev beyond 11%, but think co is on right track to infuse AI into platform. Despite valuation at 20% discount to peers on '27 EV/FCF, growth is 2pts slower; Hold, PT $210. Deck + call invite inside."

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