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Workday price target raised to $270 from $260 at JMP Securities

JMP Securities raised the firm’s price target on Workday to $270 from $260 and keeps an Outperform rating on the shares ahead of the Q3 earnings report on November 28. The firm’s channel checks following the close of the fiscal quarter are “quite positive,” with partners saying they thought Workday was “just executing really well” and was doing record amounts of business, the analyst tells investors in a research note. The firm also likes co-CEO Carl Eschenbach’s purchase of about 8,700 shares of stock at an average price of $240 on August 29.

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