Workday price target raised to $258 from $243 at Barclays

Barclays analyst Raimo Lenschow raised the firm’s price target on Workday to $258 from $243 and keeps an Overweight rating on the shares. The Q2 reports from the on-cycle software names show the quarter was “was solid, but not stellar,” and that the second half of 2023 is unlikely to show a significant recovery, the analyst tells investors in a research note.