Workday price target raised to $290 from $250 at Stifel

Stifel raised the firm’s price target on Workday to $290 from $250 and keeps a Hold rating on the shares after the company delivered “limited-upside” in Q4,reiterated FY25 subscription revenue guidance of 17%-18% and highlighted continued focus on partners, financials and international investments. The firm believes the company has the “appropriate level of focus on key investment areas,” but adds that without more meaningful progress on uphill battles versus well-entrenched-rivals in large enterprise FINS deals and internationally, it believes the company is unlikely to accelerate back to 20%-plus subscription growth in the near-term.