Workday: Growth Should Accelerate In FY25

AzmanL Summary Following my coverage of Workday, Inc. (NASDAQ:WDAY), I recommended a hold rating as I did not see any attractive upside to the share price. Reality has proven otherwise, as the stock went up to $276. This post is to provide an update on my thoughts on the business and stock. I am revising my rating from hold to buy as I turned more bullish on WDAY's ability to accelerate growth in FY25. As WDAY shows that growth can accelerate back to 20%, I expect the market to re-rate valuation upwards ...