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Workday channel checks ‘generally good’ ahead of Q3 results, says DA Davidson

DA Davidson analyst Robert Simmons keeps a Buy rating and $280 price target on Workday ahead of its Q3 results next week. The firm states that its channel checks were “generally good”, suggesting “strong” ongoing demand generation and steady levels of deal closure. The analyst adds that DA Davidson expects the company to provide a look-ahead to next year, with modest upside relative to consensus.

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