Shares of the software vendor, Workday (NASDAQ: WDAY) surged in morning trading on Friday after top-rated Monness, Crespi, and Hardt analyst Brian White termed the company’s impressive Q1 results and guidance as “healthy.”
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The analyst commented, “Workday continues to expand the reach of its cloud platform, pursue a large market opportunity, and execute well.” White upped his second-quarter earnings estimates to $1.26 per share but kept his revenue estimates unchanged and “modestly” trimmed his full-year sales forecast.
The analyst has a Hold rating on the stock.
Analysts are cautiously optimistic about WDAY stock with a Moderate Buy consensus rating based on 18 Buys and seven Holds.