BofA analyst Brad Sills raised the firm’s price target on Workday to $220 from $200 and keeps a Buy rating on the shares after speaking with "nearly a dozen key Workday SI partners" to gauge Q4 deal activity and FY24 pipeline builds. The firm, which said the feedback was "generally positive," expects current bookings/cRPO upside and attributes expected backlog upside for its higher target.
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