Workday price target raised to $280 from $270 at DA Davidson

DA Davidson raised the firm’s price target on Workday to $280 from $270 and keeps a Buy rating on the shares. The company’s Q2 results were “mostly positive”, showing steady demand and success around the globe despite the still uncertain macro environment, the analyst tells investors in a research note. Workday is driving stronger platform sales, selling to its base effectively, building pipeline well, and setting itself up for durable growth and margin expansion, the firm added.