Markets.News
Shares of Workday Inc (NASDAQ: WDAY) dropped 3.64% on Friday to around $219.30 despite a strong fiscal second-quarter report. BofA Securities' Brad Sills maintained a Buy rating, with the price target down to $265 from $278. KeyBanc Capital Markets' Jason Celino kept an Overweight rating, reducing the price target from $325 to $285. Canaccord Genuity's David Hynes maintained a Buy rating, lowering the price target from $330 to $275. RBC Capital Markets' Rishi Jaluria reiterated an Outperform rating with a price target of $340. Guggenheim Securities' John DiFucci kept a Neutral rating on the stock. Workday saw its operating margin expand by 400 basis points to 29%, with healthy revenue growth driven by existing base and net new ACV, as AI-driven ACV doubled year-on-year.