Workday's Global Expansion & AI-ML Integration: Analyst Raises Price Target Highlighting Strong Growth Vectors
Portfolio Pulse from Nabaparna Bhattacharya
BMO Capital Markets analyst Daniel Jester has reiterated an Outperform rating on Workday, Inc. (NASDAQ:WDAY), raising the price target to $260 from $240. Jester sees an attractive medium-term risk/reward profile for Workday, anticipating a modest upside in revenue and similar EBIT margin to the first quarter. The analyst's favorable view is due to Workday's ongoing efforts to amplify growth vectors outside of the U.S. and across the financial suite. The company's strong AI-ML position is also expected to bolster the international go-to-market.
August 16, 2023 | 7:35 pm
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Workday's price target has been raised by BMO Capital Markets analyst Daniel Jester, who sees an attractive medium-term risk/reward profile for the company. The analyst's favorable view is due to Workday's ongoing efforts to amplify growth vectors outside of the U.S. and across the financial suite. The company's strong AI-ML position is also expected to bolster the international go-to-market.
The analyst's positive outlook on Workday, along with the raised price target, indicates a belief in the company's growth potential, particularly in international markets and through AI-ML integration. This could lead to increased investor confidence and a potential rise in the company's stock price in the short term.
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RELEVANCE 100