Workday Stock Soars As Analysts Call Q2 A ‘Turning Point’
Shares of Workday Inc (NASDAQ:WDAY) climbed in early trading on Friday, after the company reported upbeat quarterly sales on Thursday.
The company reported its results amid an exciting earnings season. Here are some key analyst takeaways.
BofA Securities On Workday
Analyst Brad Sills reiterated a Buy rating, while raising the price target from $265 to $310.
The second-quarter results represent “a turning point in Workday’s journey toward balanced growth, in our view,” Sills said in a note. Management raised the fiscal 2027 margin guidance from 25% to 30%, demonstrating “the scale possible via leverage from Workday’s extensible applications/development platform and best in class distribution channel to the ERP category,” he added.
“Mid-teens topline growth does not sound exiting, though it is a more achievable durable growth rate and one that is still …
Full story available on Benzinga.com