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Fly News Breaks for September 30, 2015
WDAY
Sep 30, 2015 | 07:14 EDT
After attending Workday's user event and speaking with four partners there, RBC Capital says that the feedback on product innovation, partner checks, financials, TAM and customer unit economics was positive. The firm warns that changes the company may make to its billings terms could cause billings to appear to drop in the short-term, pressuring the stock. However, the firm expects any such pressure to dissipate i nthe longer term. It keeps an $83 price target and Outperform rating on the shares.
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