Workday (WDAY) PT Raised to $275 at UBS

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Go back to Workday (WDAY) PT Raised to $275 at UBS

Workday (WDAY) Stock Soars on Earnings Beat, Goldman Sachs Sees Acceleration Across All Metrics

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