These Analysts Slash Their Forecasts On Workday After Q3 Results

Core Insights - Workday, Inc. reported quarterly earnings of $2.32 per share, exceeding the analyst estimate of $2.18, and quarterly revenue of $2.43 billion, surpassing the Street estimate of $2.42 billion [1][2] Financial Performance - The earnings per share of $2.32 represents a positive surprise compared to the expected $2.18 [1] - Quarterly revenue of $2.43 billion also exceeded expectations, indicating strong financial performance [1] Market Reaction - Following the earnings announcement, Workday shares increased by 3.1%, closing at $233.69 [2] Analyst Ratings and Price Targets - Bernstein analyst Mark Moerdler maintained an Outperform rating on Workday but lowered the price target from $304 to $298 [5] - Keybanc analyst Jason Celino maintained an Overweight rating while reducing the price target from $285 to $260 [5]