Workday price target raised to $300 from $260 at JPMorgan

JPMorgan raised the firm’s price target on Workday to $300 from $260 and keeps an Overweight rating on the shares. The analyst is “highly encouraged” by Workday’s cluster of core wins with financial services firms following recent conversations with industry contacts. The recent conversations bolster confidence that the financials market is opening up currently for Workday, the analyst tells investors in a research note.