Workday price target raised to $305 from $290 at Canaccord

Canaccord raised the firm’s price target on Workday to $305 from $290 and keeps a Buy rating on the shares. The firm said they posted steady Q4 results with revenue and margin outcomes that slightly topped guided ranges, cRPO growth that came in at 20%, and an F2025 outlook that was consistent with previously issued targets.