Workday price target lowered to $265 from $275 at Evercore ISI
The Fly

Workday price target lowered to $265 from $275 at Evercore ISI

Evercore ISI lowered the firm’s price target on Workday to $265 from $275 and keeps an Outperform rating on the shares after “making a few tweaks” to the firm’s model following Workday’s analyst day. The firm believes that the initial FY27 guidance “has some conservatism built in and the initial margin outlook looks beatable,” but adjusts its price target to account for a slightly more conservative operating cash flow outlook.

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