Workday (WDAY) PT Lowered to $325 at Evercore ISI
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Go back to Workday (WDAY) PT Lowered to $325 at Evercore ISI
March 1, 2022 8:20 AM EST
Shares of Workday (NASDAQ: WDAY) are up more than 7% in premarket trading Tuesday after the software company reported an upbeat subscription revenue forecast for 2023.
Workday reported Q4 2022 earnings, posting adjusted EPS of 78c, up from 73c in the year-ago period and above the consensus estimates of 72c per share. Revenue came in at $1.38 billion in the fourth quarter, up 22% YOY and slightly above the expected $1.36 billion.
Subscription revenue was $1.23 billion in the period, up 22% YOY and just above the estimated $1.22 billion.... More
March 1, 2022 6:57 AM EST
Cowen analyst J. Derrick Wood raised the price target on Workday (NASDAQ: WDAY) to $310.00 (from $300.00) while maintaining an Outperform rating following "robust" Q4 results.
The analyst commented, "WDAY reported a robust 4Q w/ ST bookings growth of 28% above our 21% est, the largest... More
March 1, 2022 6:47 AM EST
Needham & Company analyst Scott Berg lowered the price target on Workday (NASDAQ: WDAY) to $300.00 (from $360.00) while maintaining a Buy rating.
The analyst commented, "Workday reported a strong 4Q22 quarter, highlighted by cRPO growth accelerating Q/Q from 19.9% to 22.2% driving a sizable two point... More
