Workday (WDAY) PT Raised to $110 at Drexel Hamilton Post Q2

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

Workday (WDAY): Beat and Raise But Fully Valued - Cowen

Cowen analyst, Derrick Wood, reiterated his Market Perform rating on shares of Workday (NYSE: WDAY) after the company reported sub billings ~$3 mln ahead of his $356 mln est. FY17 billings guidance was raised by $5 mln as reduced capex guidance helped offset FCF dilution from the... 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

Workday (WDAY): Good 2Q But Not Enough For Upgrade - Needham

Needham & Company analyst, Scott Berg, reiterated his Hold rating on shares of Workday (NYSE: WDAY) after 2Q17 results were largely in line with the analyst's expectations of a nominal billings beat.

However, outperformance remains on the lower end of historical ranges in... More

First Analysis Downgrades Workday (WDAY) to Equal Weight

First Analysis downgraded Workday (NYSE: WDAY) from Overweight to Equal Weight.

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 $79.65 yesterday.

Workday (WDAY) Misses Q2 EPS by 2c, Offers Q3 Guidance

Workday (NYSE: WDAY) reported Q2 EPS of ($0.04), $0.02 worse than the analyst estimate of ($0.02). Revenue for the quarter came in at $377.7 million versus the consensus estimate of $372.68 million.

Looking ahead, we anticipate third quarter subscription revenues to be within a range of $331 to $333... More