Microsoft and Workday Announce Global Strategic Partnership

Brean Capital Reiterates Sell on Workday (WDAY) Following Analyst Day and User Conference

Brean Capital reiterated a Sell rating and $62.00 price target on Workday (NYSE: WDAY) following the company's Financial Analyst Day and User Conference. While the event was informative, Brean Capital believes that no new significant information was presented. The keynote was focused on highlighting its single unified platform consisting of one data model, one security model, one development environment and one single code base.

Analyst Yun Kim commented, "We attended WDAYs annual user conference (Workday Rising) and the... More

UBS Reiterates Buy on Workday (WDAY) Following Rising User Conference

UBS reiterated a Buy rating and $94.00 price target on Workday (NYSE: WDAY) following the company's annual Rising user conference. WDAY gave ample evidence on growth potential, with inherent profitability, and unchanged competitive concerns. Management noted a $4Bn revenue potential by FY21, which implies a 5-yr 28% CAGR.

Analyst... More

Jefferies Raises Price Target on Workday (WDAY) to $79 Following User Conference and Analyst Day

Jefferies reiterated a Hold rating on Workday (NYSE: WDAY), and raised the price target to $79.00 (from $72.00), following the company's annual user conference and Analyst Day. Management announced the availability of the Planning, Learning, and Student products. It also discussed ongoing improvements to core HCM and... More

Cowen Reiterates Outperform on Adobe Systems (ADBE) Following Announcement Consolidation with MSFT

Cowen reiterated an Outperform rating and $120.00 price target on Adobe Systems (NASDAQ: ADBE) following the company's announcement that it is consolidating its cloud platforms onto Azure and that MSFT will now be co-selling Marketing Cloud. Cowen believes that this partnership makes sense as... More