Morgan Stanley raised the firm’s price target on Workday (WDAY) to $330 from $315 and keeps an Overweight rating on the shares. After “yet again lowering their medium term outlook, albeit modestly” from the 15% for FY26/FY27 talked about at its analyst day in September to a 14% subscription revenue growth view for FY26, Workday management “likely loses a good deal of investor confidence, and adds credence to the bear case,” the analyst says. However, the durability of the base and upsell potential of a broadening solution set is “underpriced” at current levels, the analyst argues.
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Read More on WDAY:
- Workday price target lowered to $285 from $310 at BofA
- Workday price target lowered to $305 from $314 at Barclays
- Workday downgraded to Neutral from Overweight at Piper Sandler
- Workday Earnings Report: Did it Beat Expectations?
- Workday Reports Strong Revenue Growth and Strategic Advances
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
