Workday price target raised to $225 from $205 at Jefferies

Jefferies analyst Brent Thill raised the firm’s price target on Workday (WDAY) to $225 from $205 and keeps a Hold rating on the shares. The shares are up 56% over the past month, and top question is whether a Silver Lake deal happens, the analyst tells investors in a research note. Jefferies thinks a deal makes sense and sees share upside potential of 20%-plus if it goes through. With no deal the firm sees 15% downside in the stock. It views the Q2 consensus revenue estimate as fair.

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