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Fly News Breaks for February 28, 2018
WDAY
Feb 28, 2018 | 09:09 EDT
Needham analyst Scott Berg raised his price target on Workday to $150 after the company's Q4 earnings beat, saying it posted its best metrics of the year with a 34% rise in backlog and 40% rise in billings despite the difficult comps. Berg keeps his Buy rating on Workday, adding that the company could be at an "inflection point of modern financials platform adoption" that investors have been awaiting for 18 months, leading to a higher stock price.
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