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Fly News Breaks for December 10, 2019
WDAY
Dec 10, 2019 | 08:05 EDT
William Blair analyst Matthew Pfau assumed coverage of Workday with an Outperform rating. Although the analyst expects the company's growth to decelerate over the coming years, he still believes Workday is well positioned to increase subscription revenue at a high-teens rate annually over the next five years. The stock is now pricing in reasonable expectations, and Workday is set up well to meet or exceed those over the next 12 months, Pfau tells investors in a research note.
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