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Fly News Breaks for August 22, 2019
CRM, WDAY
Aug 22, 2019 | 07:04 EDT
As previously reported, Mizuho analyst Siti Panigrahi initiated Workday (WDAY) with a Buy rating and a price target of $225 as part of his broader research note into the cloud HCM software sector. The analyst contends that similar to Salesforce's (CRM) front-office suite, the company's product is "well positioned" to become the "de-facto cloud vendor" for the back office applications, also achieving a dominant position in the next-gen enterprise application segment.