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Fly News Breaks for May 29, 2019
WDAY
May 29, 2019 | 09:09 EDT
Needham analyst Scott Berg raised his price target on Workday to $250 and kept his Buy rating after its "strong" Q1 results. The analyst says the company topped expectations in a typically weak quarter with accelerating sequential billings and short term revenue growth. Berg notes that Workday's Human Capital Management software sales were "more than steady", but sees the company's Financials platform as particularly impressive, highlighting the company's larger enterprise customers being ready to move Financials to the cloud.
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