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Fly News Breaks for November 30, 2018
WDAY
Nov 30, 2018 | 08:32 EDT
BMO Capital analyst Keith Bachman raised his price target on Workday to $170 after the company posted its "strongest quarter of the year" with a "solid" beat on billings, revenues, and margins. The analyst adds that Workday confirmed its "solid pipeline" by growing its backlog by 31% from last year. While Bachmain maintains a positive outlook for the company based on its "accelerating growth potential", he also keeps his Market Perform rating on Workday as believes that the valuation on the stock "appears high".
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