$Workday (WDAY.US)$ 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 the price target from $249 to $274.
JP Morgan analyst Mark Murphy maintained Workday with an Overweight and raised the price target from $245 to $260.
Wells Fargo analyst Michael Turrin maintained Workday with an Overweight and raised the price target from $280 to $300.
Oppenheimer analyst Brian Schwartz maintained Workday with an Outperform and raised the price target from $255 to $275.