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Fly News Breaks for February 28, 2018
WDAY
Feb 28, 2018 | 09:19 EDT
BMO Capital analyst Keith Bachman raised his price target on Workday to $135 after the company's Q4 earnings showed a "strong" billings growth of 37% while also citing the introduction of FY20 estimates into his model. Bachman keeps his Market Perform rating on valuation, but notes that the company's deferred revenue growth outlook of low-mid 20% could be conservative. The analyst adds that he likes Workday's growth opportunities, especially in financials.
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