Workday price target lowered to $220 from $223 at Baird

Baird lowered the firm’s price target on Workday to $220 from $223 and keeps an Outperform rating on the shares. The analyst said Workday continues to gain share in HCM and FINS in the enterprise space though future pace of growth is slightly tempered by macro uncertainty as most expected. Baird recommends long-term investors to use macro-driven volatility to scale in.