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Workday (WDAY): New Buy Recommendation for This Technology Giant

In a report released yesterday, Daniel Jester from BMO Capital assigned a Buy rating to Workday (WDAYResearch Report), with a price target of $195.00. The company’s shares closed yesterday at $181.43.

According to TipRanks, Jester is a 4-star analyst with an average return of 10.1% and a 59.72% success rate. Jester covers the Technology sector, focusing on stocks such as Intuit, Workday, and Workiva.

In addition to BMO Capital, Workday also received a Buy from Needham’s Scott Berg in a report issued today. However, on January 23, Deutsche Bank downgraded Workday (NASDAQ: WDAY) to a Hold.

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Based on Workday’s latest earnings release for the quarter ending October 31, the company reported a quarterly revenue of $1.6 billion and a GAAP net loss of $74.72 million. In comparison, last year the company earned a revenue of $1.33 billion and had a net profit of $43.41 million

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Based in California and founded in 2005, Workday, Inc. provides enterprise cloud applications for finance and human resources worldwide. It delivers financial management, human capital management, and analytics applications designed for companies, educational institutions, and government agencies.

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