Workday (WDAY) PT Raised to $270 at DA Davidson
DA Davidson analyst Gil Luria raised the price target on Workday (NASDAQ: WDAY) to $270.00 (from $255.00) while maintaining a Neutral rating.
The analyst comments "F2Q25 was slightly better than expected while the focal point for investors was the updated midterm outlook which outlines a pathway to higher profitability and mid-teens growth in FY26 and FY27. Management now assumes that the current spending environment will be the new normal and as a result will take a more targeted approach to incremental investments to deliver product innovation and fuel GTM initiatives. During the quarter the company saw positive momentum in the public sector and healthcare vertical and a meaningful ramp in partner led new business. We are maintaining our NEUTRAL rating but raising our price target to $270 from $255."