Shares of Workday Inc (NASDAQ:WDAY) dipped on Friday, trading at around $219.30 — down 3.64% — at last check Friday despite a strong fiscal second-quarter report.
Here are some key analyst takeaways.
- BofA Securities analyst Brad Sills maintained a Buy rating, while reducing the price target from $278 to $265.
- KeyBanc Capital Markets analyst Jason Celino reaffirmed an Overweight rating, while slashing the price target from $325 to $285.
- Canaccord Genuity analyst David Hynes maintained a Buy rating, while reducing the price target from $330 to $275.
- RBC Capital Markets analyst Rishi Jaluria reiterated an Outperform rating and price target of $340.
- Guggenheim Securities analyst John DiFucci maintained a Neutral rating on the stock.
Check out other analyst stock ratings.
BofA Securities: Workday reported “solid” second-quarter results, with operating margin expanding by 400 basis points year-on-year to 29%. The company’s healthy revenue growth underlined the “strength of the Workday platform,” Sills said in a note.
Growth was driven by both Workday’s existing base and net new ACV (annual contract value), with AI-driven ACV doubling year-on-year, the analyst added. However, the …