DA Davidson analyst Robert Simmons raised the firm’s price target on Workday to $270 from $240 and keeps a Buy rating on the shares ahead of its Q2 results. The firm notes that its ERP survey indicates that partners had slightly above plan results in their Workday practices, and normal pipeline looking ahead. Third party mobile app data for the quarter was also stable to somewhat better than last quarter, the analyst tells investors in a research note.
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