Workday price target raised to $288 from $280 at Piper Sandler

Piper Sandler raised the firm’s price target on Workday to $288 from $280 and keeps an Overweight rating on the shares. The company reported “rock solid” Q2 results which further increases confidence in its product and leadership changes exiting last year, the analyst tells investors in a research note. Piper sees healthy demand fundamentals for Workday.