Canaccord raised the firm’s price target on Workday (WDAY) to $330 from $300 and keeps a Buy rating on the shares. The firm said Q4 results beat driven by a combination of a more pronounced upside to FQ4 backlog growth than seen in several quarters, durable cRPO-based bookings growth, and guidance that perhaps suggests upside to operating margin targets as the year plays out.
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