Oppenheimer says that several Fortune 500 companies plan to implement Workday's HCM systems. The firm thinks that these deals bode well for the company's Q3 billings and future growth. It also says the company has three "late stage" Fortune 500 prospects for its Financials systems, though none is in the Fortune 100, and it identified "a megabank" planning to go live with Workday in January. The firm, however, contends that investors are still too optimistic about the outlook for the company's Financials business, given the difficulties that large banks face with transferring their records to Workday's system. Nonetheless, the firm says it's "increasingly comfortable" with Workday's outlook and keeps a $90 price target and Outperform rating on the shares.