Needham analyst Scott Berg has maintained their bullish stance on WDAY stock, giving a Buy rating today.
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Scott Berg’s rating is based on several factors that highlight Workday’s strategic advancements and financial outlook. Despite a slight reduction in near-term subscription revenue growth guidance, which was anticipated, the company has provided an optimistic outlook with improved margin guidance and a projected 20% annual growth in free cash flow per share through FY28.
Additionally, Workday’s recent announcements, including the Workday Build and Data Cloud, represent significant strategic shifts that are expected to enhance the company’s market position. The introduction of a flexible credit model aimed at promoting AI adoption further supports the company’s innovative approach. These elements collectively underpin Scott Berg’s confidence in Workday’s potential, leading to a Buy rating.