Workday Analyst Day Takeaways
<p>Analysts at Oppenheimer provided their takeaways from <a href='https://financialmodelingprep.com/financial-summary/WDAY'>Workday, Inc. (NASDAQ:WDAY) </a>analyst day, reiterating their outperform rating and $285 price target on the company’s shares.</p>
<p>According to the brokerage the company’s management committed to sustainable organic 20%+ subscription revenue growth on the path to $10 billion in revenue. The brokerage said that management's confidence is based on: </p>
<p>(1) an expanded product portfolio,</p>
<p>(2) continued momentum with Financials (now $1 billion in revenue),</p>
<p>(c) a large and under-penetrated international opportunity.</p>
<p>Analysts see a number of levers driving sustainable 20%+ subscription revenue growth, but 2023 operating margin Jan guidance/higher S&M intensity at scale calls into question potentially higher structural 24.6% customer acquisition costs going forward. The brokerage said it takes comfort in the longer-term operating $1,857 million margin framework of 25% at $10 billion in revenue.</p>

NASDAQ:WDAY