Workday price target raised to $262 from $258 at Barclays

Barclays raised the firm’s price target on Workday to $262 from $258 and keeps an Overweight rating on the shares post the Q2 report. The company continues to push against the notion that back-office software demand sees a slowdown in tougher times, the analyst tells investors in a research note. The firm sees the Q2 results, highlighted by revenue performance obligation outperformance and better guidance, “as enough to move shares higher.”