Oppenheimer Remains Bullish on Workday (WDAY) Ahead of 2Q Report

Brean Capital Raises Price Target on Workday (WDAY) to $62; Reiterates Sell

Brean Capital maintained a Sell rating on Workday (NYSE: WDAY), and raised the price target to $62.00 (from $55.00), following the company's 2Q earnings report. WDAY's F2Q billings grew 38%, beating Street growth estimates of 35%. Much of the billings upside was driven by strong sequential growth in short-term deferred revenue. Overall, Brean Capital believes that WDAY's business is benefiting from reacceleration in its core HCM business, solid execution in the international markets and solid traction for the... More

UBS Reiterates Buy on Workday (WDAY) Following Mixed 2Q Results

UBS reiterated a Buy rating on Workday (NYSE: WDAY), and raised the price target to $94.00 (from $86.00), following the company's 2Q. WDAY reported revenues of $378M, ahead of the Street's $373M estimate. EPS came in at -$0.04, missing -$0.02 estimates.

Analyst Brent Thill commented, "FQ2 metrics, deal... More

Jefferies Raises Price Target on Workday (WDAY) to $72 Following Mixed 2Q

Jefferies reiterated a Hold rating on Workday (NYSE: WDAY), and raised the price target to $72.00 (from $68.00), following the company's 2Q earnings report. Non-GAAP EPS of ($0.04) was below consensus of ($0.02) due to a one-time write-off which impacted EPS by $0.07. Total revenues of $377.7M were better than... More

Wedbush Reiterates Underperform on Workday (WDAY) Following Solid 2Q

Wedbush maintained an Underperform rating on Workday (NYSE: WDAY), and raised the price target to $69.00 (from $63.00), following the company's 2Q earnings report. WDAY reported a $5M revenue beat and strong billings.

Analyst Steve Koenig commented, "WDAY saw strong 2Q billings and a solid revenue beat stemming... More

Piper Jaffray Raises Price Target on Workday (WDAY) to $80.00 Following 2Q Report

Piper Jaffray reiterated a Neutral rating on Workday (NYSE: WDAY), and raised the price target to $80.00 (from $74.00), following the company's 2Q earnings report. Total Revenues were $377.7 million, above consensus at $372.2 million. Billings totaled $430.8 million, versus consensus at $420.7 million.

Analyst Alex Zukin commented, "Workday... More

Drexel Hamilton Remains Bullish on Workday (WDAY) Ahead of 2Q Report

Drexel Hamilton reiterated a Buy rating and $92.00 price target on Workday (NYSE: WDAY) ahead of the company's 2Q earnings report. Workday will report its earnings results today (8/24) with a conference call scheduled for 5:00 pm ET.

Analyst Brian White commented, "We believe Workday... More

Notable Analyst Rating Changes 8/22: (BRX) (HRL) (VNCE) Upgraded; (RLYP) (WDAY) (TRNO) Downgraded

UPGRADES
Evercore ISI upgrades Brixmor Property (NYSE: BRX) from Hold to Buy with a price target of $30.

Credit Suisse raises Hormel Foods (NYSE: HRL) from Neutral to Outperform and adjusts its price target from $38 to... More

Pre-Open Stock Movers 08/22: (CIFC) (ISIL) (MDVN) Higher; (STRP) (MRO) (WDAY) Lower (more...)

Today's pre-open stock movers:

CIFC LLC (Nasdaq: CIFC) 58.3% HIGHER; announced that CIFC and an affiliate of F.A.B. have entered into a definitive merger agreement under which F.A.B. will acquire CIFC for approximately $333 million in cash.

Intersil Corp (NASDAQ: ISIL) 22.4% HIGHER; reports from Reuters, Japan's Renesas... More

Needham & Company Downgrades Workday (WDAY) to Hold Amid Cautious Industry Checks

Needham & Company downgraded Workday (NYSE: WDAY) from Buy to Hold, saying checks indicate 2Q billings upside will again be limited and Financials sales, while likely up Y/Y, remain challenging.

Analyst Scott Berg commented, "We downgrade WDAY to Hold from Buy as our... More

Workday (WDAY): 2Q Preview - Cowen

Cowen analyst, Derrick Wood, reiterated his Market Perform on shares of Workday (NYSE: WDAY) ahead of 2Q results on 8/24.

The analyst expects in-line to modest upside to the analyst's ST subscription billings growth of 37%. The analyst thinks large deal activity in... More