Workday (WDAY) PT Lowered to $260 at BofA Securities
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Workday (WDAY) sinks 10% following lower long-term guidance
September 28, 2023 6:29 AM EDTShares of Workday (NASDAQ: WDAY) are down 10% in pre-open trading Thursday after the company provided disappointing long-term guidance at yesterday's Workday Rising event, leading several Wall Street firms to cut their price targets and estimates.
Workday said it now expects 17%-19% Subscription Revenue growth through FY27, which analysts highlight is below the consensus of 20.6% growth.
Analysts at BofA Securities, Wolfe... More
