Workday (WDAY) PT Lowered to $255 at DA Davidson
DA Davidson analyst Gil Luria lowered the price target on Workday (NASDAQ: WDAY) to $255.00 (from $300.00) while maintaining a Neutral rating.
The analyst comments "F1Q25 results included a top and bottom line beat and marked the first quarter with Mr. Eschenbach at the helm. Qualitative business trends remained positive this quarter but lowered FY25 revenue guidance embeds increased deal scrutiny and lower than expected seat count growth. Positives this quarter include new business strength in the public sector and healthcare vertical and profitability upside which is expected to flow through the end of the year and contribute an incremental 50bp to Non-GAAP operating margins for FY25 relative to the prior guide. We are maintaining our NEUTRAL rating, and lowering our price target from $300 to $255.