text: Workday Price Target Hiked On Financial Products Ahead Of Earnings | Investor's Business Daily
  Workday (WDAY) has gained traction with financial products, says RBC Capital, which raised the enterprise software provider's price target ahead of earnings.
  RBC Capital analyst Ross MacMillan hiked his price target on Thursday to 135 from 115. Workday reports fourth-quarter earnings on Feb. 27.
  X "We believe the company will be able to announce further progress with financial management in sectors including insurance, retail and distribution," MacMillan said in a note to clients.
  Analysts estimate Workday will report fourth-quarter revenue growth of 31% to $574 million, with profit rising 186% to 20 cents a share.
  Workday lost 1% to close at 124.36 on the stock market today. Workday has gained 23% in 2018 and is up 43% from a year ago. Workday has formed a cup-with-handle chart pattern and is trading nearly 9% above a buy point of 114.98.
  Workday's core market has been human capital management (HCM) software.
  "Core HCM continues to perform well," added MacMillan. "We highlight HCM wins at a retailer; a food distribution company; a med tech company, a building product company and a business services company."