Workday Shines Through Industry 'Storm Clouds': What 6 Analysts Think Of Q2 Print
Portfolio Pulse from Priya Nigam
Workday Inc (NASDAQ:WDAY) shares rose after the company reported strong fiscal second-quarter results. Analysts from Needham, Morgan Stanley, Piper Sandler, KeyBanc Capital Markets, Goldman Sachs, and William Blair all maintained positive ratings on the stock, with several raising their price targets. The analysts highlighted Workday's consistent subscription revenue beat, GAAP profitability, ability to expand AI monetization, improving sales execution, and resilience amid macro headwinds.
August 25, 2023 | 6:03 pm
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Workday's strong Q2 results and positive analyst ratings could lead to a short-term increase in its stock price.
Workday's Q2 results exceeded expectations, leading to positive analyst ratings and raised price targets. This positive sentiment could drive investor interest and lead to a short-term increase in the stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100