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Fly News Breaks for October 3, 2018
WDAY
Oct 3, 2018 | 08:35 EDT
Needham analyst Scott Berg kept his Buy rating and $170 price target on Workday after attending the company's annual customer conference yesterday. The analyst says the discussions with Workday's partners and customers indicate "continued strong demand" with its Financials platform which may "further accelerate" from the current y/y levels. Berg believes that its ongoing growth could yield a 30% subscription revenue gains over the next two years, even though he saw the company's new product announcements as "underwhelming".
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