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Fly News Breaks for June 1, 2018
WDAY
Jun 1, 2018 | 05:06 EDT
MUFG analyst Stephen Bersey raised his price target for Workday to $145 saying the company last night posted another strong quarter, growing high-margin subscription revenue 30.6% year-over-year. Further, Workday still has a significant amount of total addressable market to address with its newer products, Bersey tells investors in a post-earnings research note. He keeps an Overweight rating on the shares.
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