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Fly News Breaks for May 26, 2017
WDAY
May 26, 2017 | 07:39 EDT
Citi analyst Walter Pritchard says sentiment on Workday shares could not be more bullish. Excitement around multiple large financials customers has brought the company back to "consensus long status," Pritchard tells investors in a research note. He believes, however, that these deals are already reflected in the stock and points out that even if Workday announces big customer wins this quarter, they are "highly unlikely" to impact Q1 billings. The analyst feels the stock is "priced to perfection." He reiterates a Sell rating on Workday with a $77 price target.
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