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Workday price target raised to $225, coverage transferred at Macquarie

Macquarie analyst Frederick Havemeyer raised the firm’s price target on Workday to $225 from $195 and keeps a Neutral rating on the shares as the analyst took over coverage of the stock. The analyst has raised non-GAAP operating margin forecasts following Workday’s fiscal Q2 report and 2023 analyst day held during its Workday Rising conference.

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