Workday Stock Upgraded On Growth From Blue Chip, Financial Customers
Summary
Workday stock won an analyst upgrade Friday tied to growth in new financial management software. Derrick Wood, a Cowen analyst, on Friday upgraded Workday stock to outperform. "Our checks reveal a strong uptick in pipeline of new blue-chip cloud financial customers and we think this is set to kick off a powerful new product cycle," Wood said in a report to clients. Adaptive Insights specializes in financial planning software for budgeting and making forecasts. "Our checks suggest there are clear signs of large Fortune 500 customers moving closer to migrating financial systems to Workdays cloud," Wood said.
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Accounting and Taxes
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Enterprise Software
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Human Capital Management Software
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Workday
$1B+