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.”
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.
