JMP Securities raised the firm’s price target on Workday to $260 from $252 and keeps an Outperform rating on the shares. Workday reported strong Q2 results, and JMP Securities continues to like Workday for long-term capital appreciation because it offers a superior, cloud- native ERP suite targeting a $125B TAM that is still only 20%-25% transitioned to the cloud, the analyst tells investors in a research note.
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