Workday Wins, But Wall Street Worries: Strong Q2 Results Can't Stop Stock Slip

Shares of Workday Inc (NASDAQ:WDAY) dipped on Friday, trading at around $219.30, down 3.64%, at last check Friday despite a strong fiscal second-quarter report.

Here are some key analyst takeaways.

BofA Securities analyst Brad Sills maintained a Buy rating, while reducing the price target from $278 to $265.

KeyBanc Capital Markets analyst Jason Celino reaffirmed an Overweight rating, while slashing the price target from $325 to $285.

Canaccord Genuity analyst David Hynes maintained a Buy rating, while reducing the price target from $330 to $275.

RBC Capital Markets analyst Rishi Jaluria reiterated an Outperform rating and price target of $340.

Guggenheim Securities analyst John DiFucci maintained a Neutral rating on the stock.

Check out other analyst stock ratings.

BofA Securities: Workday reported "solid" second-quarter results, with operating margin expanding by 400 basis points year-on-year to 29%. The company's healthy revenue growth underlined the "strength of the Workday platform," Sills said in a note.

Growth was driven by both Workday's existing base and net new ACV (annual contract value), with AI-driven ACV doubling year-on-year, the analyst added. However, the ...