Workday price target raised to $290 from $270 at Piper Sandler

Piper Sandler raised the firm’s price target on Workday (WDAY) to $290 from $270 and keeps a Neutral rating on the shares. The firm was encouraged by positive commentary stemming from a strong Q4 finish, driven by healthy renewal activity that drove cRPO growth upside to 15.2%. That said, the 2026 growth outlook of 12.5% suggests top-line growth could moderate for the third consecutive year even with the reiteration of the $8.8B subscription revenue target, Piper adds.