Several Analysts Boost Price Targets On Workday Following Upbeat Earnings, But These 2 Analysts Disagree

Workday, Inc. WDAY reported upbeat earnings for its second quarter.

The company maintained full-year subscription revenue guidance between $5.537 billion and $5.557 billion.

Workday shares gained 6.6% to trade at $173.01 on Friday.

Several analysts made changes to their price targets on Workday today.

• Piper Sandler boosted the price target on the stock from $175 to $211. Piper Sandler analyst Brent Bracelin maintained an Overweight rating on the stock.
• Needham raised price target on the stock from $200 to $220. Needham analyst Scott Berg maintained Workday with a Buy.
• Mizuho increased the price target on the stock from $200 to $220. Mizuho analyst Siti Panigrahi maintained Workday with a Buy.
• Guggenheim boosted the price target on the stock $134 to $142. Guggenheim analyst John Difucci maintained the stock with a Sell rating.
• Deutsche Bank raised Workday’s price target from $225 to $230. Deutsche Bank analyst Brad Zelnick maintained a Buy rating on the stock.
• However, BMO Capital cut Workday’s price target $239 to $217. BMO Capital analyst Daniel Jester maintained the stock with an Outperform.
• Credit Suisse also lowered price target on the stock from $230 to $215. Credit Suisse analyst Phil Winslow maintained Workday with a Neutral.