KeyBanc raised the firm’s price target on Workday (WDAY) to $335 from $305 and keeps an Overweight rating on the shares following solid Q4 results. Despite the recent RIF, the firm was encouraged to see the company reiterate its MT mid-teens subscription growth target, and given Workday’s continued focus on profitability, KeyBanc came away with greater confidence in the pathway to 30%-plus margins in FY27 and beyond, as well.
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