DA Davidson Upgrades Workday (WDAY) to Buy

Nomura Securities Cuts Price Target on Workday (WDAY) Following 2Q16

Nomura Securities reiterated a Neutral rating on Workday (NYSE: WDAY), and cut the price target to $90.00 (from $105.00), following the company's 2Q16 earnings results. Workday reported F2Q16 billings of $312.4mn, 5% above the consensus estimate of $296.9mn. Total revenues were posted at $282.7mn (+51.4% yoy), above... More

Jefferies Cuts Price Target on Workday (WDAY) to $83 Following 2Q EPS Beat

Jefferies maintained a Hold rating on Workday (NYSE: WDAY), and cut the price target to $83.00 (from $92.00), following the company's 2Q16 earnings report. Non-GAAP EPS of $0.02 on total revenue of $282.7M and subscription of $223.7M exceeded Street estimates of ($0.06), $274M, and $219M, respectively.... More

Piper Jaffray Cuts Price Target on Workday (WDAY) to $66 Following 2Q16

Piper Jaffray maintained a Neutral rating on Workday (NYSE: WDAY), and cut the price target to $66.00 (from $87.00), following the company's 2Q16 earnings results. WDAY delivered upside in Q2, beating the top end of revenue guidance by $9M. An EPS upside of $0.07... More

Wedbush Cuts Price Target on Workday (WDAY) to $99 Following 2Q16

Wedbush maintained an Outperform rating on Workday (NYSE: WDAY), and cut the price target to $99.00 (from $108.00), following the company's 2Q16 earnings results. Subscription revenue of $224M was $1M higher than Wedbush's above-consensus estimate. Management raised full-year revenue guidance $13M at the top end to $1,158M.

Analyst Steve... More

Needham & Company Cuts Price Target on Workday (WDAY) Following 2Q16 Results

Needham & Company maintained a Buy rating on Workday (NYSE: WDAY), and cut the price target to $92.00 (from $107.00), following the company's 2Q16 earnings report. WDAY reported revenue of $282.6mm, ahead of the Street's $274.07M. EPS of $0.02 beat the Street's -$0.06 estimate. The company guided 3Q... More

Oppenheimer Cuts Price Target on Workday (WDAY) to $90 Ahead of 2Q16 Results

Oppenheimer maintained an Outperform rating on Workday (NYSE: WDAY), and cut the price target to $90.00 (from $110.00), ahead of the company's 2Q16 earnings results. Analyst Brian Schwartz recently conducted partner checks and consensus feedback, and was more positive on HCM demand than Financials. The checks discovered a F500... More