JMP Securities analyst Patrick Walravens said his five key takeaways from Workday's (WDAY) analyst day event were the company's guiding to the high end of its guidance range for total revenue and subscription revenue; its expanding customer base; the fact that its largest near-term add-on opportunities are in Financials, Planning, Prism analytics, and Learning products; the CEO's statement that he views Procurement and Spend Management as an important category, citing the success that Coupa (COUP) has had; and the company's success moving its Financial Management products upstream to larger enterprise customers. Following the event, Walravens keeps an Outperform rating and $225 price target on Workday shares.