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Why Workday Inc Stock Is Grinding Higher

Benzinga ·  11/30/2023 02:59

Workday(WDAY.US) shares climbed 12% Wednesday after the company reported better-than-expected third-quarter financial results. The Details:Workday reported adjusted earnings of $1.56 per share, beating the analyst consensus estimate of $1.41 per share, and quarterly revenue of $1.87 billion, beating the consensus estimate of $1.848 billion.Several analysts updated their coverage on Workday after the earnings report:Piper Sandler analyst Brent Bracelin maintained Workday with an Overweight and raised the price target from $275 to $300.Needham analyst Scott Berg maintained Workday with a Buy and raised the price target from $250 to $300.Barclays analyst Raimo Lenschow maintained Workday with an Overweight and raised

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