KeyBanc analyst Michael Turits raised the firm’s price target on Workday to $290 from $246 to reflect CIO’s solid spend intentions for Workday and their view of Workday as one of the top strategic SaaS vendors based on 35.6-times FY25 free cash flow vs. large-cap software at 33.8-times free cash flow and Workday’s current 35.4-times free cash flow at $239.
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