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Fly News Breaks for January 16, 2020
Jan 16, 2020 | 08:45 EDT
Guggenheim analyst Nandan Amladi says data on Workday's customer additions and app attach rates are showing sustained momentum and he expects upward revisions to consensus estimates for FY21-22, which have drifted lower since the company gave "characteristically conservative" guidance of 21% subscription growth on its Q3 call in December. Amladi reaffirms Workday as his Best Idea for 2020 and keeps a Buy rating with a $235 price target on the shares.