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Fly News Breaks for August 23, 2017
WDAY
Aug 23, 2017 | 07:48 EDT
Piper Jaffray analyst Alex Zukin said his checks suggest another strong quarter within enterprise HCM for Workday along with continued momentum in its Financials segment. While the Q2 commentary "sounds generally positive, the pipeline commentary is "incredibly strong," he tells investors. The analyst, who expects accelerating revenue growth and sees potential for margin expansion in FY18, reiterates his Overweight rating and $115 price target on Workday shares.
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