Workday (WDAY) PT Raised to $135 at DA Davidson

DA Davidson analyst Lucky Schreiner raised the price target on Workday (NASDAQ: WDAY) to $135.00 (from $125.00) while maintaining a Neutral rating.

The analyst commented, "We maintain our NEUTRAL rating and raise our price target to $135 (from $125) after the company reported an outsized 1Q beat with strong ACV growth trends sending shares higher. We view the company positively with a large opportunity in front of it but wait to see more clear signs of growth stabilization moving forward."

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