Workday price target raised to $225 from $200 at Mizuho

Mizuho raised the firm’s price target on Workday to $225 from $200 and keeps a Buy rating on the shares. The company reported "solid" Q4 results, beating on revenue and operating margin but softer billings, providing some relief given the current macro uncertainty impacting other enterprise software businesses, the analyst tells investors in a research note. The firm believes Workday remains in a strong position to become the preeminent vendor in the back-office suite over the longer-term.