Workday (WDAY): Fundamentals Good But The Stock Isn't Cheap - Jefferies

Workday (WDAY) PT Raised to $117 at Oppenheimer; Reiterates Outperform

August 31, 2017 9:25 AM EDT

Oppenheimer raised its price target on Workday (NYSE: WDAY) to $117.00 (from $110.00) while maintaining a Outperform rating following the company's 2Q. Billings of $548M were ~$1.5M below consensus; total revenue of $525M was ~$18M above consensus; and PF EPS of $0.24 was $0.09 above... More

Workday (WDAY) PT Raised to $117 at BMO Capital on 2Q Report; 'Focus on Big Beat and Raise Story'

August 31, 2017 8:59 AM EDT

BMO Capital raised its price target on Workday (NYSE: WDAY) to $117.00 (from $110.00) while maintaining a Market Perform rating, following the company's second quarter earnings report.

Analyst Keith Bachman notes the company delivered second quarter earnings per share and revenue results above consensus projections... More

Workday (WDAY) PT Raised to $106 at Jefferies Following 2Q Release

August 31, 2017 7:59 AM EDT

Jefferies raised its price target on Workday (NYSE: WDAY) to $106.00 (from $92.00) while maintaining a Hold rating following the company's 2Q. Billings were just shy of expectations, as LT deferred revenue declined due to less upfront multi-year payments, which is expected to... More

Workday (WDAY) PT Raised to $116 at Mitsubishi UFJ, Positvely Revises EPS Estimates

August 31, 2017 5:46 AM EDT

Mitsubishi UFJ raised its price target on Workday (NYSE: WDAY) to $116.00 (from $106.00) while maintaining a Overweight rating.

Analyst Stephen Bersey likes the company's positioning to capture growth in the coming quarters. The analyst sees incremental upside from newer products, Planning and... More

Workday (WDAY) PT Raised to $114 at Goldman Sachs, Positively Revises EPS Estimates

August 31, 2017 5:17 AM EDT

Goldman Sachs raised its price target on Workday (NYSE: WDAY) to $114.00 (from $101.00) while maintaining a Neutral rating.

Analyst Heather Bellini says the Q2 report was "solid" citing the short-term billings acceleration. The analyst remains sidelined noting less cash is being collected up-front on... More

Workday (WDAY) PT Raised to $120 at Piper Jaffray

August 31, 2017 5:08 AM EDT

Piper Jaffray raised its price target on Workday (NYSE: WDAY) to $120.00 (from $115.00) while maintaining a Overweight rating.

Analyst Alex Zukin says the company should experience "enough runway to exceed conservative full-year targets" noting that the company now has nearly 30% of the Fortune 500 companies... More

Workday (WDAY) PT Raised to $125 at Canaccord Genuity, Positively Revises EPS Estimates

August 31, 2017 4:49 AM EDT

Canaccord Genuity raised its price target on Workday (NYSE: WDAY) to $125.00 (from $115.00) while maintaining a Buy rating.

Analyst Richard Davis says the sell-side is beginning to understand the positive story behind the company. The analyst says the questions on the conference "seemed... More

Workday (WDAY) PT Raised to $108 at Barclays

August 31, 2017 4:16 AM EDT

Barclays raised its price target on Workday (NYSE: WDAY) to $108.00 (from $90.00) while maintaining a Equalweight rating.

Analyst Raimo Lenschow says momentum continues in the name following a strong report on YoY subscription revenue growth. The analyst wants to await a better entry point while acknowledging the healthy LT story-line.

... More

Workday (WDAY) Tops Q2 EPS by 9c, Beats on Revenues; Boosts FY18 Outlook

August 30, 2017 4:04 PM EDT

Workday (NYSE: WDAY) reported Q2 EPS of $0.24, $0.09 better than the analyst estimate of $0.15. Revenue for the quarter came in at $525.3 million versus the consensus estimate of $507.4 million.

GUIDANCE:

Workday sees Q3 2018 revenue of $1.75-1.757 million, versus the consensus of $2.05 million.

Total revenues were $525.3 million, an increase of 40.6% from the... More