BMO Capital analyst Daniel Jester raised the firm’s price target on Workday to $260 from $240 and keeps an Outperform rating on the shares ahead of its Q2 results next week. The analyst sees an “attractive” medium-term risk/reward profile for the company, and its favorable view on the stock is supported by ongoing efforts in the organization to amplify growth vectors outside of the U.S. and across the financial suite. Workday’s “steady execution” driving moderate upside is likely sufficient against an uneven macro backdrop, the firm tells investors in a research note.
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